> Almost nobody is actually realizing returns by pulling money out of the market, because there's nothing meaningful to spend the money on in 2020. After a cer

> Almost nobody is actually realizing returns by pulling money out of the market, because there's nothing meaningful to spend the money on in 2020. After a certain point, how much money can one meaningful spend in general? From @aninhumer: > If we suppose that the goal of society is to produce the greatest utility, and that the utility wealth provides an individual is sub-linear (i.e. twice as much money makes you less than twice as happy), then inequality is inefficient resource allocation. * https://news.ycombinator.com/item?id=14505342 https://news.ycombinator.com/item?id=14505342 I think that's partly why we're getting more concentrated wealth generally: the folks at the top had a lot, but they can't spend it all, and so they let it ride and so it compounds.