Author: voice_cd

The rich have poor reputation [Copy link] 中文

Rank: 8Rank: 8

Post time 2007-9-16 11:04:33 |Display all floors

Use magic tools Report

Rank: 8Rank: 8

Post time 2007-9-17 00:18:18 |Display all floors
Originally posted by kelvin_lai at 2007-9-14 11:19
The rich are same with other people, do not ask them to do more better. They have the right to be themselves. They do worng, just be punished.


Hm... the past has been forgetten?
1411-001M.jpg
China's Eccentric 'Uncle Laowai' from Chicago, IL

http://blog.chinadaily.com.cn/home.php?mod=space&uid=135031&do=blog&view=me&from=space

Use magic tools Report

Rank: 8Rank: 8

Post time 2007-9-17 11:59:29 |Display all floors
Seneca,

Actually there is a recent paper, "Conspicuous Consumption and Race" (Charles, et al), that deals with the issue of visible consumption (on clothes or cars or jewelry, for example) and patterned differences determined by race. The conclusion of the paper is that the patterned differences are related to income in that people of a given race will increase their consumption of visible luxury goods as the mean income of their reference group (in the paper, members of the same race in the same state) falls. The reason is simple: from the perspective of signaling, more visible consumption is a stronger signal among low income groups than high income groups because the expectations are lower. Thus if someone wearing new Pumas is "pegged" at an income of $30,000, then someone who makes only $15,000 and wears a pair gets a larger boost to their status than someone with a higher income. There is little reason to believe that this can't be applied to other groups as well.

Since the mean income of Chinese in China is very low, the sort of outrageous consumption patterns that have some people angry should be expected; the consumers gain much more status for every dollar spent on high-value visible goods than their European or expatriate colleagues.  I would expect the sort of "swaggering wealth" to disappear as incomes rise across China and it confers a much smaller status increase.

Use magic tools Report

Rank: 8Rank: 8

Post time 2007-9-17 12:03:14 |Display all floors

Errata

Rather, "if someone whose reference group makes only $15000...."

Use magic tools Report

Rank: 8Rank: 8

Post time 2007-9-17 12:29:17 |Display all floors

Reply #27 seneca's post

Yup! It happens all over the world!
Unfortunately......Greed is a component of "human emotions" that if "manipulated well", makes a nation progressive.
Greed could help in improvement in productivity, making products available to more people!
Only if only we can control greed, with "awareness" of the "angry, hungry masses"..
then the RICH can only conclude CHARITY is to their benefit!

Moderation is also to their benefit.
When the RICH forgets that "simple equation", riots and problems occur in the poorer district which eventually will overwhelm them.

Nowadays, we look at the PATANI people in Malaya, and how the RICH RIAU's are looking to solve the problem of their poor bretrens.
The PATANI are mostly farmers, and their arable land per family is now 2 hectares and falling rapidly due to large reproduction.
Let's see, what Rt. Hon. Badawi do to reduce such problem?


Green Dragon
Game Master
God of Longetivity

Use magic tools Report

Rank: 8Rank: 8

Post time 2007-9-17 14:28:40 |Display all floors
Originally posted by greendragon at 2007-9-17 12:29
Yup! It happens all over the world!
Unfortunately......Greed is a component of "human emotions" that if "manipulated well", makes a nation progressive.
Greed could help in imp ...



GD- U know TAR???

he was n't a rich man as he says..............whenever he needs money in UK to study, he calls back, ask his old friend to sell one of those shoplots at Penang to sponsor his trip......................

u shld know this jolly old good fella by now................

he shouted that "M" 7 times 50 years ago...........

btw, he likes to invites the whole neighbourhood kids even for his grandchild birthday party...........

p/s : my fall on this mooncake???
What's on your mind now........ooooooooooooooo la la....Kind Regards

Use magic tools Report

Rank: 8Rank: 8

Post time 2007-9-18 13:10:00 |Display all floors

Reply #31 caringhk's post

that explains Amerikan Regime preoccupation with MILITARY SPENDING.
and why they LOVE THEIR WALMARTs, especially in those remote regions with expensive Rail or Road logistics!

The Amerikan REgime also promotes Vices as seen in their numerous movies to encourage their poorer brethrens on the quality of those lifestyles!

ha ha ha


Green Dragon
Game Master
God of Longetivity

Use magic tools Report

You can't reply post until you log in Log in | register

BACK TO THE TOP
Contact us:Tel: (86)010-84883548, Email: blog@chinadaily.com.cn
Blog announcement:| We reserve the right, and you authorize us, to use content, including words, photos and videos, which you provide to our blog
platform, for non-profit purposes on China Daily media, comprising newspaper, website, iPad and other social media accounts.