Rich men spending money

“I once was describing the Ferrari Enzo to my cousin. When I told her it was $600K, she said, ‘they could be feeding people with that money’. I replied, ‘They are, they’re called Ferrari employees’.” — Comment on a Review of the 2010 Bugatti Veyron 16.4, seen here

Reminds me of the luxury tax on yachts that crushed the boat-building industry in the northeast some years ago. Then there’s the higher property tax rate on non-owner-occupied housing, to make those greedy landlords pay their fair share – guess who pays that?

UPDATE: To be clear, the problem occurs when the state tries to force people to be generous. It’s fine to urge rich people to think of the poor and be generous (as many quietly are). It’s appropriate for someone whose business it is to tell a man he’s not living like he should, if it comes to that. It’s problematic for A forcibly to take B’s stuff and give it to C. That has nothing to do with the rich man’s obligation to Lazarus.

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4 thoughts on “Rich men spending money

  1. Better yet, since there are a lot of different sources for those amazing vehicles, they keep trying to improve their system for making the cars, both to make the cars better and bring down the price.

    Compare and contrast to, say, college loans….

  2. Re: update:
    Urging people to do something nice can be annoying, but it doesn’t usually result in destruction and rarely causes harm.

    Forcing people to do something you believe is nice generally destroys resources, prevents them being created in the first place and makes them less likely to willingly do something nice. Just for extra fun, legally enforced nice-ness isn’t appreciated, and tends to lead to abuse and complaining about the quality thereof. (Ever lived in a place that takes rent subsidies? I have; I’ve also heard stories about public housing.)

    • Ah, the old days in government-owned housing! We had a clean modern place in a gated community, water, heat, and electric included. If the water heater stopped, cheerful and well-paid workmen came at once and fixed it. It was close to the office, and if something really urgent came up a car or even a helicopter came to the house – all year ’round, any time of the day or night! Shopping was nearby, the gym was free, and an inexpensive but really pretty good restaurant was open 24/7.

      I understand other government housing set-ups can be a but different.

      • I loved our location, and the office staff were great– a year later when I called back for my husband’s clearance, they recognized my voice and asked after our daughter.
        It was the drunken fights in the stairwell, the multiple cars set on fire for the lulz (first victim had a firefighter’s uniform in his back seat….), large dogs in small apartments, feral children with mouths sailors would blush to have, just general…well… people acting like they didn’t own the place, and didn’t much value it. They had to put in cameras in the exercise room to keep people from just randomly destroying it. (I feel horrible for the grounds keepers.) You’ll find SOME folks like that in most any rental, but not a majority.

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