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Question for the wealthiest 10%... how?
Comments
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but is that because these HNWIs are actually yorkshiremen?
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grey_gym_sock wrote: »i know there are more obviously worthwhile things they could have done with it. but they were not wasting resources (except a little paper) by burning money. spending lots of money on a pointless project is wasting resources. money is power to decide how resources are assigned. they gave up some of that power. if you think the rest of society assigns resources poorly, then fix that - don't expect random millionaires to fix it.
Mentioning pointless projects does not invalidate the point of all the good the money could have done someone - e.g building some wells/irrigation for some villages in the third world which would not have been pointless. To waste that power if you don't want it yourself is just ethically wrong.0 -
e.g building some wells/irrigation for some villages in the third world which would not have been pointless. To waste that power if you don't want it yourself is just ethically wrong.
i'm slightly torn on this ...
i see your point, and personally i'm inclined to use surplus cash in more like the ways you mention.
at the same time, i think our society is overly focused on money, and i see burning £1m as an attempt to make ppl question their own attitudes about money. it is difficult to compare the value of changing attitudes with more concrete projects. but that is part of the point: the concrete is not everything.0 -
grey_gym_sock wrote: »but is that because these HNWIs are actually yorkshiremen?
Well, there is that, though some had the misfortune to be born beyond the boundaries of God's Own County.
As it happens, I do know a very few folk who clearly don't know which side their bread is buttered. At some uncomfortable bash I asked one young lady "What do you do?" and she was completely mystified. When I finally got my meaning across, she waved a languid hand into mid air and said "I think Daddy has some property."
However, she is one in a hundred IME. Most of those I meet who are successful are bright, driven, sane, sociable, helpful, considerate and (above all) self made.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
grey_gym_sock wrote: »i see burning £1m as an attempt to make ppl question their own attitudes about money
Is that a bad thing?I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
gadgetmind wrote: »Is that a bad thing?
is money a bad thing? or is making ppl question their attitudes about it a bad thing? or is burning money a bad thing?0 -
grey_gym_sock wrote: »is money a bad thing? or is making ppl question their attitudes about it a bad thing? or is burning money a bad thing?
I have no issue with money, nor with people burning it, and particularly if said act makes people question their attitudes towards what is (after all's said and done) bits of paper.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
grey_gym_sock wrote: »or is burning money a bad thing?
when the BoE creates money from thin area MSE posters consider that a bad thing as it might create inflation. i can only conclude that burning money has to be a good thing.0 -
doughnutmachine wrote: »when the BoE creates money from thin area .
they are burning some of the money the rest of us have!!0 -
doughnutmachine wrote: »i can only conclude that burning money has to be a good thing.
Reducing M4, increasing CO2.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0
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