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... assuming that being "practically rich" causes happiness. There was some study a while ago that said that most people would rather have 1000$ in a society w

• dkokelley 19y ago
  The thing with the study about having $1,000 but the most and having $1,000,000 but the least is that it doesn't account for what that money can get you. If everyone in the world had a billion dollars then a billion dollars would be relatively worthless. The study should have been phrased: "If you could have only $1,000 worth of stuff but it was 100 times more stuff than everyone else, or $1,000,000 worth of stuff but it was 1000 times less than everyone else, which would you choose?" I think the majority of people would choose to have $1,000,000 worth of stuff, even if it's the least, which translates to "I would rather be considered 'poor' in a thriving society than be considered 'rich' in an impoverished society."
  • ced 19y ago
    That's what I meant when I said "accounted for inflation". I'll hunt up the study some day. I'm not so sure about you conclusion, though, but maybe my experience with people was different. I'm also skeptical that most people would reason that prices would go up in the billion dollar society. I think the biggest fear is: I am at the deep bottom of the social ladder.