3 ms·

Sooo we probably shouldn't lump them together, and should instead call them out specifically (as you did in your reply). I'm not even going to touch the "new m

• kevingadd 13y ago
  'New money' is not a slur (at least in this case), I'm using it to indicate that these are people who came into money recently and have typically not progressed to the point where they are using it responsibly and thinking long-term.
  • josefresco 13y ago
    Anecdotally I would think "old money" would be more against taxation than new money folks. If you were born into money, and never lived poorly I would assume that you'd have a hard time empathizing with the plight of the less fortunate. Also, holding onto your mountain of cash that someone handed to you is different than someone with an earned high income. It would seem to me that old money people would be more active in reducing taxes on investments (which they've arguably succeeded in doing) and new money folks would be more concerned with income taxing.