My main point is what Felicia is doing and she is most certainly ruining her husband's business reputation, his prospective political career (if he has any) and absolutely everything about her own life. Things like that cannot be hidden and can be used any time against both of them.
It's just very poor plot decision. I could buy it if she performed in the Club with her face covered by a mask under a fake name. But no, she openly declares from the stage that she is the wife of one of the richest persons in the town and after that immediately allows completely degrade herself to the level of the dirtiest pornstar.
I don't think you understand what she is trying to do and what it takes to make it to that last social tier she aspires to. For you, what she has is invaluable, and she's throwing it away, but for her, what she can accomplish trumps all risks. She's "all or nothing." What you call "degrading herself," she sees as merely displaying her power level, showing what she's got and how far she's willing to go (all the way).
I presume nobody here can surely know how the wicked minds of those who thrive by stepping on our collective necks truly are. Ours is an educated guess that tries to marry porn conductivity with plausibility. We see them as dragons, hollow and bored monsters with the world at their feet, desperate to be amused. Felicia understands the incredible opportunity she has been given, so she dances their wicked tunes, challenges them, dazzles them... and has done well so far. Her only problem is that, somewhere along the way, she forgot who she really is.
This is my partner's take on the character, at least to the extent I understand it. And I'm glad he's at the helm. Truth is stranger than fiction, by a margin most people won't even realize in their whole lives. I find his weaving of bizarre personas more akin to reality than what most would be able to muster if they ever dared to take a pen and face the crowd.