One definition of respectability.........

     In this chapter, I will propose that what people resent - or should resent - is the person at the top who has no skin in the game, that is, because he doesn't bear his allotted risk, he is immune to the possibility of falling from his pedestal, exiting his income or wealth bracket, and waiting outside the soup kitchen.  Again, on that account, the detractors of Donald Trump, when he was still a candidate, not only misunderstood the value of scars as risk signalling, but they also failed to realize that, by advertising his episode of bankruptcy and his personal losses of close to a billion dollars, he removed the resentment (the second type of inequality) people may have had toward him.  There is something respectable in losing a billion dollars, provided it is your own money.

-Nassim Nicholas Taleb,  Skin In The Game:  Hidden Asymmetries in Daily Life