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His analogy is flawed. In his analogy, some people will share their life vests because they can already swim, and because they'll never need life vests, live ve
by kabouseng 12y ago
His analogy is flawed. In his analogy, some people will share their life vests because they can already swim, and because they'll never need life vests, live vests has no value for them, and thus sharing it means no loss to them.
Money doesn't work like that, it has value, and giving it away to more needy people does mean you are losing money which you might need later on.
- sp332 12y agoThere are quite a lot of billionaires who have pledged to give away the majority of their money though. http://givingpledge.org/ http://givingpledge.org/
- MollyR 12y agoThat is true, but I find it also telling that they haven't actually given it away yet.. . I think there is a saying like "don't count your chickens before they hatch"
- Lawtonfogle 12y agoWould not a life vest have great value to them in that they can trade it to the person who doesn't have one for something the swimmer does want? At the end of the day, a dollar bill does nothing for me. Its only value is in that I can trade it (well I could burn a pile to start warm for a short while, but that is a value below rounding error).
- kabouseng 12y agoOk, but what does a poor person have to trade with a billionaire? Remember in this analogy life vests are money.
- Lawtonfogle 12y agoThings that others are unwilling to trade because they have possessions they are more willing to trade.