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You just matched one viewpoint with an opposing one. At least the OP's opinion has some empirical evidence in the form of Gates, Jobs, Rockefeller, Vanderbilt,

You just matched one viewpoint with an opposing one. At least the OP's opinion has some empirical evidence in the form of Gates, Jobs, Rockefeller, Vanderbilt, and so on. All greedy robber barons of their time that made profound impacts on industry and society while treating their employees like grist for the mill.

Retric 5y ago
Gates stopped and started spending his money. If the wealthiest person in the world eventually gives up that suggests greed is bound, it’s simply high enough in many people that they never realize that goal. Further the institution of retirement suggests greed isn’t an unlimited motivator for most people.
- mettamage 5y ago
  Yep, see FIRE and it’s sibling acronyms.
- robocat 5y ago
  Is Gates actually spending it faster than his equity is rising in value?
  - atlgator 5y ago
    I doubt it, considering he's now the largest private farmland owner in the United States. He's got a LOT of capital and it's growing every second. Now he'll be splitting it with his wife though and I expect we'll hear more stories about his philandering. The guy's a demon. He just uses a PR company now to make himself look humanitarian. He even tried to teach Epstein to do the same to rehabilitate his image. https://www.theguardian.com/commentisfree/2021/apr/05/bill-gates-climate-crisis-farmland https://www.theguardian.com/commentisfree/2021/apr/05/bill-g... https://www.nytimes.com/2019/10/12/business/jeffrey-epstein-bill-gates.html https://www.nytimes.com/2019/10/12/business/jeffrey-epstein-...
  - Retric 5y ago
    For a decade he did, though not in the past 5 years. However, it’s kind of funny at those levels of wealth if you buy a 30 million dollar painting for example it’s likely worth more in a decade. It’s not exactly difficult to spend a billion dollars, yet to spend several Billion dollars per year without retaining any value is basically just charity, politics, or bad investments.
mettamage 5y ago
Self determination theory is the opposite. And has a lot of empirical evidence. Also check the overjustification effect to see how extrinsic motivation destroys any motivation. Imo intrinsic > extrinsic Any time any day. Want examples? Look at passionate people. Look at academia. They’re not a handful if people but tons of them that did good work that helped innovation.

Retric 5y ago

Gates stopped and started spending his money. If the wealthiest person in the world eventually gives up that suggests greed is bound, it’s simply high enough in many people that they never realize that goal. Further the institution of retirement suggests greed isn’t an unlimited motivator for most people.

mettamage 5y ago
Yep, see FIRE and it’s sibling acronyms.
robocat 5y ago
Is Gates actually spending it faster than his equity is rising in value?
- atlgator 5y ago
  I doubt it, considering he's now the largest private farmland owner in the United States. He's got a LOT of capital and it's growing every second. Now he'll be splitting it with his wife though and I expect we'll hear more stories about his philandering. The guy's a demon. He just uses a PR company now to make himself look humanitarian. He even tried to teach Epstein to do the same to rehabilitate his image. https://www.theguardian.com/commentisfree/2021/apr/05/bill-gates-climate-crisis-farmland https://www.theguardian.com/commentisfree/2021/apr/05/bill-g... https://www.nytimes.com/2019/10/12/business/jeffrey-epstein-bill-gates.html https://www.nytimes.com/2019/10/12/business/jeffrey-epstein-...
- Retric 5y ago
  For a decade he did, though not in the past 5 years. However, it’s kind of funny at those levels of wealth if you buy a 30 million dollar painting for example it’s likely worth more in a decade. It’s not exactly difficult to spend a billion dollars, yet to spend several Billion dollars per year without retaining any value is basically just charity, politics, or bad investments.

mettamage 5y ago

Self determination theory is the opposite. And has a lot of empirical evidence. Also check the overjustification effect to see how extrinsic motivation destroys any motivation. Imo intrinsic > extrinsic Any time any day. Want examples? Look at passionate people. Look at academia. They’re not a handful if people but tons of them that did good work that helped innovation.