Comment by decidu0us9034

If the options are 1) watch the economy become more k-shaped as my status erodes and I'm made precarious 2) drag down aggregate output but be better off relative to everyone else than in the first scenario, why would I not go with option 2 from a purely self-interested, rational perspective? I jus think this is assuming a level of selflessness most people are not capable of but maybe that's too cynical of me