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I’m not seeing the problem you’re describing. It has a name: the marginal utility of money. $1,000 is worth a lot to someone who has nothing, less to someone wh
by jdlshore 22d ago
I’m not seeing the problem you’re describing. It has a name: the marginal utility of money. $1,000 is worth a lot to someone who has nothing, less to someone who has a million, practically nothing to someone who has a billion.
So, yes, it applies equally at lower levels, until it doesn’t.