← Back to context Comment by armada651 8 months ago In other words a billionaire has a distorted perception of money. Also, water is wet. 2 comments armada651 Reply throwaway-0001 8 months ago To someone in Nigeria on 50usd per month, 1usd is a lot. To a guy earning 10k per month in California, 1 usd is nothing. Who’s distorted here? 50usd or 10k guy?Everything is relative. baq 8 months ago Not distorted. It’s a billionaire perspective, but it’s very real and 100% true to the billionaire. Look up the concept of marginal utility of money.
throwaway-0001 8 months ago To someone in Nigeria on 50usd per month, 1usd is a lot. To a guy earning 10k per month in California, 1 usd is nothing. Who’s distorted here? 50usd or 10k guy?Everything is relative.
baq 8 months ago Not distorted. It’s a billionaire perspective, but it’s very real and 100% true to the billionaire. Look up the concept of marginal utility of money.
To someone in Nigeria on 50usd per month, 1usd is a lot. To a guy earning 10k per month in California, 1 usd is nothing. Who’s distorted here? 50usd or 10k guy?
Everything is relative.
Not distorted. It’s a billionaire perspective, but it’s very real and 100% true to the billionaire. Look up the concept of marginal utility of money.