onlooker wrote:Maybe what Dohboi, is trying to get at, is we ALL should live more frugally. The Billionaires should not get a pass by virtue that only a relatively few of them exist. And because one's possessions are protected by law.
Let's start moving away from what anyone SHOULD do and deal with the reality of how people will continue to behave.
The rich will continue to be the rich, with their privilege and with their influence. To expect that they SHOULD act differently is foolhardy. More importantly, let's understand that among the very wealthy we are on the cusp of a major trend change economically, what I mentioned previously, the middle class swinging from an asset to a liability as resources constrain.
Furthermore, let's fast foreward say 10-20 years when climate change and or fossil fuel constraints start biting hard. The wealthy and elite now embrace climate change and no longer are in denial. They still of course want to preserve their privilege and insure that continued inequality guarantees their access to the resources they are accustomed to. Instead of them changing their behavior they will look for the low hanging fruit on where to cut back on carbon emissions and consumption.
Well, what and where do you think the lowest hanging fruit are? The answer should be obvious. It is the global middle class. Curtail their consumption to maintain your privilege. Curtail their consumption to cut back on carbon emissions. That is what the wealthy WILL do.
Forget about what they SHOULD do.
Welcome to serfdom. It might not be all that bad since the middle class obviously didn't know how to manage or handle the abundance they had for the past 5 decades. They squandered it mostly on mindless consumption mostly in debt up to their ears with relics of once shiny objects rusting away in their garages. . Serfdom might be an improvement.