Why the world cannot afford the rich
The underlying reasons for inequality having such profound and wide-ranging impacts are psychosocial. By accentuating differences in status and social class — for example, through the type of car someone drives, their clothing or where they live — inequality increases feelings of superiority and of inferiority. The view that some people are worth more than others can undermine people’s confidence and feelings of self-worth. And, as studies of cortisol responses show, worry about how others see us is a powerful stressor.
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The well-publicized lifestyles of the rich promote standards and ways of living that others seek to emulate, triggering cascades of expenditure for holiday homes, swimming pools, travel, clothes and expensive cars.
https://www.nature.com/articles/d41586-024-00723-3
-> The science is crystal clear.
#TaxTheRich #Reichensteuer #Vermögenssteuer #IncomeInequality #ProudToPayMore #SustainableFinance #Desigualdad #ImpuestoGrandesFortunas #Degrowth
