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But money doesn't measure work. One hour of work by Jeff Bezos trumps what most make in a year. Moreover, it doesn't even work as a relative scale. If Jeff Bez
by Beldin 5y ago
But money doesn't measure work. One hour of work by Jeff Bezos trumps what most make in a year.
Moreover, it doesn't even work as a relative scale. If Jeff Bezos spends half his fortune on one art piece, he is still one of the wealthiest individuals on the planet. He won't be materially affected by this in any way. If I spend half my savings on an art piece, that puts me at a substantial risk (2 catastrophes and I'm broke).
Basically, Jeff has little opportunity cost to spending 50 billion, while I have enormous opportunity cost to spending 50,000. But Jeff doesn't work 1 million times as much as I do for that.
- kqr 5y agoSure, so measure it in utiles instead.