5 ms·

I'm not sure what the actual name of the phenomenon is but I've heard it call 'wife-name-last name' syndrome. Basically, the uber rich want to be seen as somet

I'm not sure what the actual name of the phenomenon is but I've heard it call 'wife-name-last name' syndrome. Basically, the uber rich want to be seen as something more than just money. Guys like Anschutz and whatnot. There seems to be a pattern where they get a new shiny glass and steel building with a bunch of sick kids in it, and then they put the wife's name, an ampersand, his name, and the last name in big 3-D letters on the side. Likely it's a tax writeoff. Also, not to be too cynical, but it's not a bad thing overall. The money could be sitting in the Caymans afterall.

mensetmanusman 6y ago
Most of the worlds money is sitting in the Cayman’s after-all, or hidden away as art investments inside of storage containers.
- srpinto 6y ago
  Is it really? Where can I read about it?
  - TheOtherHobbes 6y ago
    https://en.wikipedia.org/wiki/Panama_Papers https://en.wikipedia.org/wiki/Panama_Papers https://www.businessinsider.com/tax-havens-for-millionaires-around-the-world-2019-11 https://www.businessinsider.com/tax-havens-for-millionaires-...
    - refurb 6y ago
      I don't see anything to suggest "it's most of the world's wealth". Do you have another source?
  - hindsightbias 6y ago
    others: https://longreads.com/2018/05/29/tax-free-storage-wars/ https://longreads.com/2018/05/29/tax-free-storage-wars/ https://en.wikipedia.org/wiki/Geneva_Freeport https://en.wikipedia.org/wiki/Geneva_Freeport
- deleted 6y ago
  [deleted]
- kbenson 6y ago
  > or hidden away as art investments inside of storage containers. That doesn't make any sense. They pay for that art, and the money goes to the people that owned the art previously. Either they stick it into an account in the Caymans, or a regular/investment account, or they just have it available, but purchasing assets with it is not money hidden away as an art investment. A significant amount of wealth may be in assets, but that's the same for most people that's aren't poor (i.e. that own a house). The money used to purchase those assets is still circulating though.
renewiltord 6y ago
Well, obviously it's a tax deduction. You can do the same if you itemize.
myself248 6y ago
I've noticed that this sort of naming-rights philanthropy correlates with certain cultures, too. I know when I'm driving along 11 mile and see a bunch of buildings with people's names on them, the good deli is just a few blocks further. ;) I concur, it's not a bad thing. I actually think it helps motivate others to do likewise -- generosity in the shadows doesn't help set a cultural expectation or contribute to a pattern. Generosity in foot-high letters is hard to ignore, and it's still generosity. And tacky though it may seem, I think it's actually wonderful and I'd like to find ways to encourage it more broadly. The downside (because there's always a downside) is that names _encode_ identity, and if your name isn't like all the names you see on all the buildings in this part of town, you might start to feel like you don't belong here. There are a lot of subtle things that can encourage or neutralize that perception, but having names emblazoned all over the place is sort of an enabling factor. So along with encouraging philanthropy, I think we should be looking at ways to make sure it doesn't get turned exclusionary.
- orangejewce 6y ago
  Wow dude, if you're going to be anti-semitic, just do it. Don't bother trying to be "cute", or "subtle" using emojis. Really pathetic.
  - progman32 6y ago
    For those who can't spot the subtlety, can you explain what you mean?
    - mrosett 6y ago
      Many delis are Jewish. He's saying that whenever he sees buildings named after people, he's in a Jewish neighborhood. In context, it plays into nasty stereotypes about Jews being obsessed with money.
      - progman32 6y ago
        Thank you.
deleted 6y ago
[deleted]
wang_li 6y ago
> Likely it's a tax writeoff. You can take $1 and pay the taxes on it and end up with $0.60. Or you can give away a dollar and not have to pay $0.40 in taxes. But you still gave away a dollar, so you're sixty cents in the hole.

mensetmanusman 6y ago

Most of the worlds money is sitting in the Cayman’s after-all, or hidden away as art investments inside of storage containers.

srpinto 6y ago
Is it really? Where can I read about it?
- TheOtherHobbes 6y ago
  https://en.wikipedia.org/wiki/Panama_Papers https://en.wikipedia.org/wiki/Panama_Papers https://www.businessinsider.com/tax-havens-for-millionaires-around-the-world-2019-11 https://www.businessinsider.com/tax-havens-for-millionaires-...
  - refurb 6y ago
    I don't see anything to suggest "it's most of the world's wealth". Do you have another source?
- hindsightbias 6y ago
  others: https://longreads.com/2018/05/29/tax-free-storage-wars/ https://longreads.com/2018/05/29/tax-free-storage-wars/ https://en.wikipedia.org/wiki/Geneva_Freeport https://en.wikipedia.org/wiki/Geneva_Freeport
deleted 6y ago
[deleted]
kbenson 6y ago
> or hidden away as art investments inside of storage containers. That doesn't make any sense. They pay for that art, and the money goes to the people that owned the art previously. Either they stick it into an account in the Caymans, or a regular/investment account, or they just have it available, but purchasing assets with it is not money hidden away as an art investment. A significant amount of wealth may be in assets, but that's the same for most people that's aren't poor (i.e. that own a house). The money used to purchase those assets is still circulating though.

renewiltord 6y ago

Well, obviously it's a tax deduction. You can do the same if you itemize.

myself248 6y ago

I've noticed that this sort of naming-rights philanthropy correlates with certain cultures, too. I know when I'm driving along 11 mile and see a bunch of buildings with people's names on them, the good deli is just a few blocks further. ;) I concur, it's not a bad thing. I actually think it helps motivate others to do likewise -- generosity in the shadows doesn't help set a cultural expectation or contribute to a pattern. Generosity in foot-high letters is hard to ignore, and it's still generosity. And tacky though it may seem, I think it's actually wonderful and I'd like to find ways to encourage it more broadly. The downside (because there's always a downside) is that names _encode_ identity, and if your name isn't like all the names you see on all the buildings in this part of town, you might start to feel like you don't belong here. There are a lot of subtle things that can encourage or neutralize that perception, but having names emblazoned all over the place is sort of an enabling factor. So along with encouraging philanthropy, I think we should be looking at ways to make sure it doesn't get turned exclusionary.

orangejewce 6y ago
Wow dude, if you're going to be anti-semitic, just do it. Don't bother trying to be "cute", or "subtle" using emojis. Really pathetic.
- progman32 6y ago
  For those who can't spot the subtlety, can you explain what you mean?
  - mrosett 6y ago
    Many delis are Jewish. He's saying that whenever he sees buildings named after people, he's in a Jewish neighborhood. In context, it plays into nasty stereotypes about Jews being obsessed with money.
    - progman32 6y ago
      Thank you.

deleted 6y ago

[deleted]

wang_li 6y ago

> Likely it's a tax writeoff. You can take $1 and pay the taxes on it and end up with $0.60. Or you can give away a dollar and not have to pay $0.40 in taxes. But you still gave away a dollar, so you're sixty cents in the hole.