to-read
(1848)
currently-reading (21)
read (69)
history (32)
betterself (26)
business (24)
china (21)
geopolitics (21)
finance (18)
health (16)
investments (13)
economy (12)
currently-reading (21)
read (69)
history (32)
betterself (26)
business (24)
china (21)
geopolitics (21)
finance (18)
health (16)
investments (13)
economy (12)
war
(12)
biography (9)
ai (8)
politics (8)
soft-skill (8)
decision-making (6)
usa (6)
long-life (5)
russia-or-soviet-union (5)
startup (5)
technology (5)
brain (4)
biography (9)
ai (8)
politics (8)
soft-skill (8)
decision-making (6)
usa (6)
long-life (5)
russia-or-soviet-union (5)
startup (5)
technology (5)
brain (4)
“Luxury beliefs’ are the latest status symbol for rich Americans” by Rob Henderson
New York Post, August 3, 2022
In the past, upper-class Americans used to display their social status with luxury goods. Today, they do it with luxury beliefs.
People care a lot about social status. In fact, research indicates that respect and admiration from our peers are even more important than money for our sense of well-being.
...as trendy clothes and other products become more accessible and affordable, there is increasingly less status attached to luxury goods.
The upper classes have found a clever solution to this problem: luxury beliefs. These are ideas and opinions that confer status on the rich at very little cost, while taking a toll on the lower class.
‘Upper-class people don a luxury belief to separate themselves from the lower class’ ...
White privilege is the luxury belief that took me the longest to understand, because I grew up around poor whites. Often members of the upper-class claim that racial disparities stem from inherent advantages held by whites. Yet Asian Americans are more educated, have higher earnings and live longer than whites. Affluent whites are the most enthusiastic about the idea of white privilege, yet they are the least likely to incur any costs for promoting that belief. Rather, they raise their social standing by talking about their privilege.
In other words, upper-class whites gain status by talking about their high status. When laws are enacted to combat white privilege, it won’t be the privileged whites who are harmed. Poor whites will bear the brunt.
... like with diamond rings or designer clothes of old, upper-class people don a luxury belief to separate themselves from the lower class. These beliefs, in turn, produce real, tangible consequences for disadvantaged people, further widening the divide.”
―
New York Post, August 3, 2022
In the past, upper-class Americans used to display their social status with luxury goods. Today, they do it with luxury beliefs.
People care a lot about social status. In fact, research indicates that respect and admiration from our peers are even more important than money for our sense of well-being.
...as trendy clothes and other products become more accessible and affordable, there is increasingly less status attached to luxury goods.
The upper classes have found a clever solution to this problem: luxury beliefs. These are ideas and opinions that confer status on the rich at very little cost, while taking a toll on the lower class.
‘Upper-class people don a luxury belief to separate themselves from the lower class’ ...
White privilege is the luxury belief that took me the longest to understand, because I grew up around poor whites. Often members of the upper-class claim that racial disparities stem from inherent advantages held by whites. Yet Asian Americans are more educated, have higher earnings and live longer than whites. Affluent whites are the most enthusiastic about the idea of white privilege, yet they are the least likely to incur any costs for promoting that belief. Rather, they raise their social standing by talking about their privilege.
In other words, upper-class whites gain status by talking about their high status. When laws are enacted to combat white privilege, it won’t be the privileged whites who are harmed. Poor whites will bear the brunt.
... like with diamond rings or designer clothes of old, upper-class people don a luxury belief to separate themselves from the lower class. These beliefs, in turn, produce real, tangible consequences for disadvantaged people, further widening the divide.”
―
Junior’s 2024 Year in Books
Take a look at Junior’s Year in Books, including some fun facts about their reading.
More friends…
Favorite Genres
Polls voted on by Junior
Lists liked by Junior


















































