How can you appreciate money if you've never had to earn it? Hand outs do not teach fiscal responsibility.
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They didn't say ANYTHING about gov. Assistance. You almost missed a chance to bash poor ppl. Good job.
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But they didn't discount govt assistance either.
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Because they get food stamps, free healthcare.
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"The Deutsche Bank Research report defined luxuries as “goods or services consumed in greater proportions as a person’s income increases”
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So this story could mean any thing. I mean caviar is a luxury items but by the standar that is set in this study so is a car and vegetables.
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Back in the 80s I worked at a grocery store and saw families use food stamps for groceries, but their kids wore very expensive Air Jordans.
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A luxury is any good that you buy more of when you make more. That you didn't provide a definition is telling
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...and sell their food stamps.
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This sure is not my parents America anymore!
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Pretty simple to me. If you can't afford it, don't buy it until you're able to.
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It's not even that. People shouldn't live at their means. They should live WELL below it. But, as long as it isn't subsidized I don't care.
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What do they class as luxury I can't find an example in the article
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....... you don't say. Molyneux using an article with unclear terminology and pushes his narrative?
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who made that crap up ? someone with a very large salary I guess ..80% in bills and some food if your lucky...
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As an economy moves towards post scarcity, a greater proportion of goods will be veblen goods. No great surprise there.
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