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Inequality is bad because increasing parts of the economy become directed at sophisticated ways to scam rich people
Jan 5, 04:43
Luxury is absolutely done in the West, it literally does not exist anymore
It doesn't matter if you pay $100 or $10,000, there's no tiers of service quality anymore, not in hotels, airlines, restaurants, product quality, it's all the same level of enshittification where nobody gives a fuck about their work anymore
Luxury still exists once you go to Asia though, you still get excellent service at both $100 or $10,000 levels from Thailand to China to Japan
And in the Gulf states like Qatar and Dubai
A $1500/night hotel is counted as a $1500 contribution to GDP, but there is no really meaningful sense in which the economic output associated with that hotel stay is worth 500 mcdoubles
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