5 ms·

Imagine if, in addition to income, you could also lookup the debt level and net worth of anyone you know. Are your neighbors driving a fancy car just because th

• deleted 3y ago
  [deleted]
• wenebego 3y ago
  Its probably pretty safe to assume they're just leveraged up
• P_I_Staker 3y ago
  > Is there any point owning ostentatious possessions if everyone knows your debt level? Perhaps it seems safe to assume not, but it couldn't be further from the case. First of all, it's not necessarily the case that overleveraging so you can have possessions to enjoy is enjoyable. Especially at the higher end of the earning, this can be very apparent. $20m underwater and living in a mansion. Am I really toughing it out? Remember when the Trump said a homeless guy has more money than him. Yet he's pooping on the street and not a golden toilet. The truth is that people never care how much you really earn it. Our society would be totally different if so. Yeah, implied with the respect is that you earned it, but people don't care. People either "like" you because they can share some of it, imagine themselves like you, or they're envious of your stuff. If you earned it that's just a cool bonus.
• extraduder_ire 3y ago
  I think some nordic countries come close to that by allowing anyone to look at tax information by going into an office in person. (people availing of this service is also public knowledge)