It is pretty clear that when we waste some essential items, it harms the economy. In this case the poor people are the most effected.
But when we waste luxury goods, does it benefit in any way the overall society (poor and rich included) in economic terms. '
This may cause redistribution of wealth in certain terms and it may lead to psychological distress to the class of people who could afford it earlier, but due to wastage it might not be available to them now.
But is the overall economy going to benefit from it, if the producers are of those luxury goods are poor/rich.
P.S - I am new to this forum, I am not sure if I have posted the question in the right place. If not, please advise accordingly. Thanks.
