2 ms·
That latter argument ignores the marginal utility of dollars. It is a mental illness to think going from 2 to 1 billion is worse than going from 2k to 1k
by lovich 4y ago
That latter argument ignores the marginal utility of dollars. It is a mental illness to think going from 2 to 1 billion is worse than going from 2k to 1k
- danans 4y agoThe marginal utility of money is a real thing, but it applies to purchase of life basics, like goods, services, and security. The marginal utility of money for power and influence in our societies seems to start a few orders of magnitude above the upper middle class, and so far doesn't seem to bend down very much as money increases.