This is incorrect as the time-value of money is different for different people. If the choice is between a high pressure job with ~$100k after tax earnings or a

This is incorrect as the time-value of money is different for different people. If the choice is between a high pressure job with ~$100k after tax earnings or a mid pressure job with ~$70k after tax earnings, where the high pressure one is at a 90% bracket vs. the 50% bracket of the lower one, rational people may decide on the lower impact job.