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China is banning ‘wealth-flaunting’ behavior on social media
(www.nbcnews.com)
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And that’s basically it!
This is one of those laws where I fundamentally disagree with the state having the power to make laws like this because the power will be misused, but in this instance, I actually think the law seems fine? Its not just exposing actual luxurious lifestyles like you imply, its also people going into debt to fake a higher level of lifestyle than they actually live, and this self perpetuates through social media like a virus.
If the government gave even a single shit about the poor, they would focus on banning wealth hoarding not wealth flaunting.
But they don't, so they aren't.
What they are doing is openly showing who they are and what they do care about (capitalists, on both counts), you not wanting to believe it is a different problem.
Hoarding would be sufficient.
Limiting peoples ability to express rarely results in desired outcome.