4 ms·

So? What's the functional difference between $6 billion and $1 billion (which is roughly what Google says his current net worth is). Unless your net worth is

So? What's the functional difference between $6 billion and $1 billion (which is roughly what Google says his current net worth is). Unless your net worth is $500M or more, you're closer to being homeless than ever seeing that kind of wealth.

simplotek 4y ago
> So? It doesn't make sense to accuse someone of not feeling the economic impact of a downturn at all while downplaying the fact that they actually lost $5billion.
- actually_a_dog 4y ago
  If there's no functional difference between before and after the loss, it damn well does. Tell me, how did his lifestyle change as a result of losing this $5 billion? What actual pain of loss did he feel, above and beyond seeing some numbers go down?
  - che_shirecat 4y ago
    classic example of moving the goalposts
    - actually_a_dog 4y ago
      I haven’t moved anything. You just didn’t know where my goalposts were to begin with.
      - MonkeyClub 4y ago
        You guys are going at it like cats and dogs.
  - simplotek 4y ago
    > Tell me, how did his lifestyle change (...) If you were serious or had devoted any thought into the issue you wouldn't even consider the silliness of framing a $5billion loss as a lifestyle issue.
  - missedthecue 4y ago
    In that case, how did his life change from his net worth going up 9% after layoffs? Which was the comment I replied to.
jimbokun 4y ago
5 billion dollars.
- listenallyall 4y ago
  His point, which you failed to address with your smug response, is the well-understood fact that the utility value of money falls greatly, the more money one has. The utility of 5 billion dollars is essentially zero to someone who already has a billion.
  - deleted 4y ago
    [deleted]
  - jimbokun 4y ago
    The marginal utility falls, but it's a hell of a lot more than zero.
    - listenallyall 4y ago
      Other than ownership of an NFL/NBA/Premier League/etc sports team, what life satisfaction or happiness improvements are unavailable to a one-billionaire?
      - jimbokun 4y ago
        Many people would love to own a major sports team.

simplotek 4y ago

> So? It doesn't make sense to accuse someone of not feeling the economic impact of a downturn at all while downplaying the fact that they actually lost $5billion.

actually_a_dog 4y ago
If there's no functional difference between before and after the loss, it damn well does. Tell me, how did his lifestyle change as a result of losing this $5 billion? What actual pain of loss did he feel, above and beyond seeing some numbers go down?
- che_shirecat 4y ago
  classic example of moving the goalposts
  - actually_a_dog 4y ago
    I haven’t moved anything. You just didn’t know where my goalposts were to begin with.
    - MonkeyClub 4y ago
      You guys are going at it like cats and dogs.
- simplotek 4y ago
  > Tell me, how did his lifestyle change (...) If you were serious or had devoted any thought into the issue you wouldn't even consider the silliness of framing a $5billion loss as a lifestyle issue.
- missedthecue 4y ago
  In that case, how did his life change from his net worth going up 9% after layoffs? Which was the comment I replied to.

jimbokun 4y ago

5 billion dollars.

listenallyall 4y ago
His point, which you failed to address with your smug response, is the well-understood fact that the utility value of money falls greatly, the more money one has. The utility of 5 billion dollars is essentially zero to someone who already has a billion.
- deleted 4y ago
  [deleted]
- jimbokun 4y ago
  The marginal utility falls, but it's a hell of a lot more than zero.
  - listenallyall 4y ago
    Other than ownership of an NFL/NBA/Premier League/etc sports team, what life satisfaction or happiness improvements are unavailable to a one-billionaire?
    - jimbokun 4y ago
      Many people would love to own a major sports team.