Wednesday, July 22, 2020

All rich people care about is one-upping their friends.


H.L. Mencken once defined wealth as "any income that is at least $100 more a year than the income of one's wife's sister's husband."

We call this positional concerns. 

The need to belong to the tribe is an anthropological imperative.  To put it simply, those that belonged to a tribe stood a better chance of surviving.  Even more so if they had a particular talent that pushed them to the top of the tribal hierarchy.

This hasn't changed.

So when rich people tell you that if you raise taxes for the rich they won't work as hard, they are lying.  Because taxes are irrelevant to their motivation.  They will still want to one up their friends to prove how superior they are.

And they won't be moving from NYC to Newark anytime soon.

#MakeBillionairesPay

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