FWIW: We human beings operate by status signals more so than any other thing that we covet.
Loss aversion is a strong instinct. loss aversion by ‘theft, cheating and free riding’ is stronger still. But of all the things we covet most, and and are most adverse to loss, status is the greatest – often more so than our kin.
It is the redistribution of earned status that produces agitation on one end, and a reaction to the relative lack of status at the other end.
Progressives use the best of all worlds: the don’t bear many children, they earn high incomes, and they obtain their status using other people’s money.
Whereas a middle class business owner, or upper middle class professional, cannot devote his earnings to increasing the number of his children, increasing his comfort in retirement, nor transferring his accumulated wealth to his family.
Meanwhile, others gain status merely by appropriating and redistributing the product of his efforts.
Source date (UTC): 2014-03-14 11:36:00 UTC
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