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I might be reading that graph wrong, but it looks to me like the chart stops at 128k. Bill Gates has talked about the 5-10 million dollar range of wealth, and s
by jfoutz 14y ago
I might be reading that graph wrong, but it looks to me like the chart stops at 128k. Bill Gates has talked about the 5-10 million dollar range of wealth, and saying that buys real lifelong security. Beyond that, "hamburgers taste the same when you're a billionaire"
That said, i bet all the toys are fun, but they're still just toys. We all have our xboxes or Ferraris.
So, i wonder if it's really exponential forever like that graph suggests or if it turns into a natural log at 5 million or so.
- jvm 14y agoThat's actually log income that they're comparing to life satisfaction there, so they're clearly indicating that returns will diminish up to the point where their measures aren't sensitive enough to detect it.
- guylhem 14y agoSo it's a problem of scale. That I can believe. There are dimishing marginal returns, but if we zoom on a flat part of the graph we may not see them properly.