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Your example is not compatible with your claim. You're just referring to conspicuous consumption, and how affluent individuals enjoy signaling their wealth and
by barumi 6y ago
Your 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.