Re:Coinbase lays off around 1,100 employees
by Aeolun on Wednesday June 15, 2022 @09:00AM
(#31752245)
The same thing can be said for my $100k. I hardly need more to live. Why am I striving for more?
It’s not like my increasing savings bring me any material benefit.
Re:Coinbase lays off around 1,100 employees
by californical on Tuesday June 14, 2022 @10:07PM
(#31748341)
It may not change his lifestyle, but it’s still a motivating achievement.
If a world-class marathon runner is 4 minutes ahead in a race, and can see the finish line, do they start walking? Or do they try to push themselves even harder to see how much more they can win by?
People are competitive, and are always motivated by achieving “more”, even if it doesn’t change the outcome for them. Does society benefit by billionaires pushing for more? I’m not sure, but I don’t think that the answer is clearly “no”.
Re:Coinbase lays off around 1,100 employees
by Johnny555 on Tuesday June 14, 2022 @10:16PM
(#31748387)
So then, just like a marathon, instead of a timeclock to beat, the government can have an agency that tracks lifetime wealthy -- then the wealthy can brag over who would have had the largest pot of gold if they didn't dispose of the money immediately for tax reasons.
Does society benefit by billionaires pushing for more? I’m not sure, but I don’t think that the answer is clearly “no”.
I think the correct question is "Is there a net benefit to society", not any benefit at all.
That's a good question for the current situation -- why does Bezos still go to work? Once you have $100B, what tangible benefit do you get from more? Surely he's not doing it for the money, another $1B, or even $100B isn't going to change his lifestyle.