3 ms·
It's not a counterpoint. For a rich person, each additional dollar is worth less than it is for a poor person.
by alexmat 11y ago
It's not a counterpoint. For a rich person, each additional dollar is worth less than it is for a poor person.
- soperj 11y agoand yet Warren Buffett continues to work?
- alexmat 11y agoThere is a high social status associated with his job. If he were a janitor with the same wealth, I doubt he'd be rushing in to scrub toilets all day.
- sokoloff 11y agoThough I'm several orders of magnitude less well-off than Mr Buffett, I still have more than enough that I could stop working now and survive well enough the next 50 years. I continue to work because I genuinely enjoy what I do.
- livingparadox 11y agoI didn't say there isn't a diminishing value of each dollar, but your comment seemed to imply that at a certain point, people will be "content" at a certain income level and not try to get more money. Rich people are a counterpoint because there are people with incomes the size of a small country, and they are still striving for money. Given the diminishing utility of familiar pleasures, I think its likely that constantly reaching for "more" is the norm, rather than the exception.