To be successful this would need some sort of mechanism making wealth-visibility the default. But that might not be enough, because probably rich people would be most likely to opt out, making opting out itself a signal of wealth.
Yeah, that does seem tricky. My guess is that you might be right that rich people would be the most likely to opt out. But I’m not so sure. Opting out might be more akin to countersignaling in that the only people who are doing it are either people who are actually poor and therefore don’t want to be embarrassed, or very wealthy people who want to signal that they’re above it all. If that’s the case, then being in the system still serves some purpose for people in the middle of the distribution.
Yeah, that does seem tricky. My guess is that you might be right that rich people would be the most likely to opt out. But I’m not so sure. Opting out might be more akin to countersignaling in that the only people who are doing it are either people who are actually poor and therefore don’t want to be embarrassed, or very wealthy people who want to signal that they’re above it all. If that’s the case, then being in the system still serves some purpose for people in the middle of the distribution.