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The latte argument (popularized by that other writer) completely ignores the fact that buying and drinking a latte (or money spent on any entertainment, travel
by gist 7y ago
The latte argument (popularized by that other writer) completely ignores the fact that buying and drinking a latte (or money spent on any entertainment, travel etc) provides in theory an uplift in someone's day which may actually have a long term benefit. In happiness, interactions with other people, mood and so on. (Note I say some not all people).
Also it's never a good idea to assume that something that is not important to you personally (or that you can forgo) is the same to someone else. This argument even comes up with respect to the number of hours someone works. Some people love to push this idea that 'you have to relax and take time off' as if everyone feels the same way and does not like to work like a 'workaholic'.
- ghaff 7y agoLattes are a convenient example of a "money leak" because I suspect they don't really add value for many people but are instead a rote thing they stand in line to do every morning. If they're an important step in starting your day or they're a "tax" to give you an hour or two of coffeeshop work time, great! But it's pretty reasonable to think about routine or automated purchases that are just habits.