4 ms·

> If individuals make decisions without constraints, they tend to go off track real quick. IMHO, this is the main problem of wealth inequality: rich people make

> If individuals make decisions without constraints, they tend to go off track real quick. IMHO, this is the main problem of wealth inequality: rich people make stupid decisions. And stupid, in this case, means unproductive for the society/enviroment etc etc in general. i must be missing the point you’re trying to make, or the framing, or something. why would i want to be rich if not to direct more resources to achieving my own preferences? of course this is not maximally productive for society: if all money was required to be directed based on where it were maximally productive then it would no longer mean anything to own money; money would have no value to the individual.

bell-cot 4y ago
> why would i want to be rich if not to direct more resources to... These days, I think most of the motivation to be seriously rich (vs. mere "can afford two nicer McMansions, and your kids don't qualify for college financial aid" rich) is a humans-are-primates obsession* with being further up the pecking order. But your bottom line is still valid. The rich are definitely not allocating resources in ways which are beneficial to society. *Less-flattering terms, perhaps from the DSM-5, would seem applicable in many cases.