People like Schultz “live what is, for almost all practical purposes, a post-scarcity existence,” Paul Campos observes aptly at the Lawyers, Guns & Money blog. “If you have three billion dollars, then you can buy almost anything without even bothering to consider what it costs, since what it costs is, to you, practically indistinguishable from ‘nothing.’ Given that everything is for you already basically free, why would you even care if your tax bill goes up? Especially given that you live in a society in which, despite what is by a historical standards an almost inconceivable amount of total social wealth, lots of people still have to worry about getting enough to eat, not freezing to death in the next polar vortex, etc?”

Source: Los Angeles Times February 01, 2019 18:22 UTC