#wealthflaunting — Public Fediverse posts

RE: https://aus.social/@ianmilliss/116718751041570285

Really interesting read - 🙏🏻 for sharing it: inequality’s a given but what can/does a govt do to stop wealthy citizens flaunting their goodies (goodies that others don’t have)? The Chinese govt unilaterally & suddenly - no warning -deleted the wealth flaunting accounts:
“When an economy is slowing down, when young people are struggling to find work, when urban housing prices have pushed homeownership out of reach for ordinary workers, and at the same moment a cohort of people is broadcasting yachts and diamonds and private estates into everyone’s phone, what does that produce?

“Not just envy. Something harder to contain. A generation starts to feel that effort is pointless, that the rules were never designed for them, that the system’s reward structure is broken. That feeling is real. And it goes somewhere, whether or not anyone in power chooses to acknowledge it.

“China’s government made a judgment call: at this particular moment, letting ordinary people watch the wealthy perform their wealth every day is pouring fuel on a fire. Deleting the accounts was the execution of that judgment. The power behind that action can be used for many other things, and that fact should not be glossed over. But the diagnosis behind the decision is accurate.”

#ChinaPol #USPol #wealthFlaunting #inequality #unilateralGovernmentDecision #treatmentOfWealthyCitizens #PerformativeWealth