Randall Parker speaks out against ostentatious displays of wealth:
Ostentatious displays of wealth among an elite whose wealth has been growing for decades far faster than the overall amounts to rubbing salt into a wound. I morally disapprove of ostentation on the part of the upper classes. It is unnecessary cruelty.
I agree. Also, there’s a good reason why the true upper class, like Mitt Romney, don’t like to parade their wealth around (except that Mitt has violated the rule by running for political office, which makes his immense wealth part of the news every day).
In contrast to Mitt Romney is the much more uncouth Donald Trump who enjoys showing off how rich he is.
Romney is constantly criticized for being “uncomfortable” with his wealth, but I see that as one of his redeeming quality. If Donald Trump were running for president, when asked about his wealth he would use that as an opportunity to brag about how rich he is.
There is even a lesson for the non-rich upper-middle class. Their smaller ostentatious displays of wealth (such as unnecessarily expensive cars) not only elevate themselves at the expensive of making the less successful feel bad about themselves, it’s also a waste of money which could be better spent in other ways.