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   Charlie Stross (cstross@wandering.shop)'s status on Wednesday, 21-Aug-2024 18:52:03 JST Charlie Stross

   A concept in economics that doesn't get nearly enough airtime is: the diminishing marginal utility of money. Succinctly: the more units of money you've got, the less adding another such unit does—the added value of any one unit drops very steeply.

   Over about $200M (personal orbital tourism? Megayacht? Your own tropical island?) there are no more experiences/luxuries that money can buy you. (And over $50M there are very few—bizjet, luxury mansion.)
   https://mastodo.neoliber.al/@Legit_Spaghetti/112996254337297288

   • mark repeated this.
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     Jacek Wesołowski (jzillw@mastodon.gamedev.place)'s status on Wednesday, 21-Aug-2024 18:52:02 JST Jacek Wesołowski

     in reply to

     @cstross In terms of personal expenses, I could plausibly "consume" $300k for my own flat, and then maybe $30k per year for a comfortable lifestyle.

     In terms of ambitions, I always wanted to run my own gamedev studio, so that would be something like $2-3M per year (I prefer to work with smaller games).

     Funding stipends for my fellow leftwingers so they can do politics full-time could plausibly eat up about $10M per year, if I wanted to cover the whole country.

     And that's about it, I think.

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     Thiago Ferrer Morini (tferrer@journa.host)'s status on Wednesday, 21-Aug-2024 21:29:56 JST Thiago Ferrer Morini

     in reply to

     @cstross I think I heard that idea condensed in "there is a point where the only thing money does is more money"

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     mark (atleagle@mastodon.online)'s status on Wednesday, 21-Aug-2024 21:31:39 JST mark

     in reply to

     @cstross the people that feel the requirement to have more than some other billionaire are sick though. Utility has nothing to do with the collection. The money has value as a score to complete with