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by riffraff 1477 days ago
If you consider Maslow's hierarchy of needs, you have "esteem" at a high place. Money becomes a proxy for that.

Big management negotiate higher pay all the time not because there is a difference between earning 30 or 40 millions, but because they need to feel their own "value" go up.

This is discussed at length in "thinking fast and slow", iirc.