Vinay Prasad's Observations and Thoughts

Vinay Prasad's Observations and Thoughts

The wealthy and charitable family

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Vinay Prasad
Jul 22, 2026
∙ Paid

You and your spouse are wealthy people. In addition to your stock holdings, you rent out apartments and houses.

You are also generous people, you take the rent money and redistribute it. If someone is an artist or musician, you lower their rent, and charge more to the plumbers and electricians. Art, after all, is something we all can appreciate and you want to encourage artists.

Every 4 years you and your spouse take turns deciding how much to subsidize the artists. You’re slightly more sympathetic to the engineers so the subsidy to art is less than your spouse, who’s much more sympathetic. So every few years, the subsidy changes by a few percentage points.

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