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An interesting quirk of history is that regardless of tax rates the elite tend to put a fairly consistent percentage of wealth back into social causes over time
by rogerkirkness 6y ago
An interesting quirk of history is that regardless of tax rates the elite tend to put a fairly consistent percentage of wealth back into social causes over time. Leaving giant tips was how the industrialists competed.
- kaba0 6y agoWhich is absolutely null compared to their income, and does close to absolutely nothing to benefit society - it is only there so they can feel good about themselves.
- throwaway0a5e 6y ago>and does close to absolutely nothing to benefit society About half of society would say the same about taxes. And therein lies the problem. There's a bunch of fundamental disagreements we need to work through.
- barumi 6y agoYour example is not compatible with your claim. You're just referring to conspicuous consumption, and how affluent individuals enjoy signaling their wealth and status by flashing their disposable income in status-seeking expenditures. The percentage of wealth that trickles back is irrelevant and only a trace amount, because their point is to signal status by consuming luxury goods and services that others can't afford.