Saturday, October 31, 2009
The Way I Play My Game
Conspicuous consumption: a term used to describe the lavish spending on goods and services acquired mainly for the purpose of displaying wealth or income. In a mind of a conspicuous consumer, such display serves as a mean of attaining or maintaining a social status.
Invidious consumption: refers to consumption deliberately intended to cause envy.
I'm guilty as charged on the former. Some economist dude proposed replacing income tax with progressive tax on the amount spent each year and I can't help but to agree with him.
Talking about money, do you know Iraq war was estimated to cost US$3 trillion? Now, if only US choose to spend that on Africa or Vietnam or something.
Invidious consumption: refers to consumption deliberately intended to cause envy.
I'm guilty as charged on the former. Some economist dude proposed replacing income tax with progressive tax on the amount spent each year and I can't help but to agree with him.
Talking about money, do you know Iraq war was estimated to cost US$3 trillion? Now, if only US choose to spend that on Africa or Vietnam or something.
posted by Rae @ 01:40
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