bha100
Active member
- Aug 25, 2011
- 898
When is enough, even when they have more money they could ever spend, is it more than just GreeD
This is the best explanation i have found, can you anyone offer better?
The very rich don't want to pay tax for three reasons:
First, money is lovely and having lots of it is better than not having lots of it.
Second, some very wealthy people collect money and giving it away ruins
the aesthetic of the pile they have. It's an inclination common to all
collectors.
For example, over time I have accumulated a few hundred books. Although
they are of varying quality and there are many I will never read again (or
read at all), the prospect of giving any of them away makes me very
protective. There'll be a hole in the shelf where it was. I would miss any of
them - even the Twilight series.
It's unlikely the Mexican druglords, Chinese property developers and
mineral-rich African dictators sit in a library of money, rearranging the
bills by alphabetical order and genre, but the impulse to hoard is the
same.
Finally, it's about trust. Wealth gives people confidence. Confidence
makes them sure of their opinions, and one of their opinions is that they are
much better at spending their money than the government is. Allied to this is
the fact that for many wealthy people, the tax is not deducted at source. They
have to volunteer it.
This is the best explanation i have found, can you anyone offer better?
The very rich don't want to pay tax for three reasons:
First, money is lovely and having lots of it is better than not having lots of it.
Second, some very wealthy people collect money and giving it away ruins
the aesthetic of the pile they have. It's an inclination common to all
collectors.
For example, over time I have accumulated a few hundred books. Although
they are of varying quality and there are many I will never read again (or
read at all), the prospect of giving any of them away makes me very
protective. There'll be a hole in the shelf where it was. I would miss any of
them - even the Twilight series.
It's unlikely the Mexican druglords, Chinese property developers and
mineral-rich African dictators sit in a library of money, rearranging the
bills by alphabetical order and genre, but the impulse to hoard is the
same.
Finally, it's about trust. Wealth gives people confidence. Confidence
makes them sure of their opinions, and one of their opinions is that they are
much better at spending their money than the government is. Allied to this is
the fact that for many wealthy people, the tax is not deducted at source. They
have to volunteer it.