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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://wandering.shop/users/cstross/statuses/112999274079528736">Charlie Stross (cstross@wandering.shop)'s status on Wednesday, 21-Aug-2024 18:52:03 JST</a><a href="https://wandering.shop/@cstross" title="cstross@wandering.shop"><img src="https://gnusocial.jp/avatar/35284-48-20230405092346.webp" width="48" height="48" alt="Charlie Stross" style="position: absolute; left: 0; top: 0;">Charlie Stross</a></section><article><p>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. </p><p>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.)<br><a href="https://mastodo.neoliber.al/@Legit_Spaghetti/112996254337297288" rel="nofollow noreferrer">https://mastodo.neoliber.al/@Legit_Spaghetti/112996254337297288</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/3548294#notice-6965585">In conversation</a><time datetime="2024-08-21T18:52:03+09:00" title="Wednesday, 21-Aug-2024 18:52:03 JST">Wednesday, 21-Aug-2024 18:52:03 JST</time> <span>from <span><a href="https://wandering.shop/@cstross/112999274079528736" rel="external" title="Sent from wandering.shop via ActivityPub">wandering.shop</a></span></span><a href="https://wandering.shop/@cstross/112999274079528736">permalink</a><h4>Attachments</h4><ol><li><article><header><div>No result found on File_thumbnail lookup.</div><h5><a href="https://mastodo.neoliber.al/@Legit_Spaghetti/112996254337297288">Legit_Spaghetti 🥥 (@Legit_Spaghetti@mastodo.neoliber.al)</a></h5><div> from <span>Legit_Spaghetti 🥥</span></div></header><div>The older I get, the more I realize how much of a failure of imagination all  billionaires are.Like, NOBODY needs a billion dollars. Nobody. There is no life circumstance where amassing that kind of wealth is necessary. So that means if someone has that kind of wealth, they are making an active, deliberate choice not to use their excess to create opportunities for others.Of course, big part of the problem is that those idiots think they DESERVE their wealth. Like they didn't just get lucky.</div><footer></footer></article></li></ol></footer></blockquote>

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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
In conversationWednesday, 21-Aug-2024 18:52:03 JST from wandering.shoppermalink
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  Legit_Spaghetti 🥥 (@Legit_Spaghetti@mastodo.neoliber.al)
  from Legit_Spaghetti 🥥
  The older I get, the more I realize how much of a failure of imagination all billionaires are. Like, NOBODY needs a billion dollars. Nobody. There is no life circumstance where amassing that kind of wealth is necessary. So that means if someone has that kind of wealth, they are making an active, deliberate choice not to use their excess to create opportunities for others. Of course, big part of the problem is that those idiots think they DESERVE their wealth. Like they didn't just get lucky.

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