Exactly, plus in early Gilded Age America there was still the difference between the nouveau riche and I guess inherited money? (One of the big problems in the Great Gatsby is even after Gatsby makes his fortune, it's from dodgy shit and he's "Mr Nobody From Nowhere.") There was the stratification and also the younger generations pulling away from it in Edith Wharton's novels. But the division persisted a long long time -- I remember reading Dominick Dunne's People Like Us in the late eighties. Now if anything being nouveau riche, making your own billions before you're thirty, is the height of aspiration.
now that more people are making less, that chips away at income being a proxy indicator, so the other capital sources are made more apparent.
Gosh now why does that make me think of the current US President :-/
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timeasmymeasure
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Date: 2019-03-10 09:40 am (UTC)now that more people are making less, that chips away at income being a proxy indicator, so the other capital sources are made more apparent.
Gosh now why does that make me think of the current US President :-/