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by dmoy 621 days ago
I think GP doesn't mean "returns" as in investment returns. I think they're talking about like... living. The utility of buying a second (or tenth) house/car/whatever is drastically lower return than the utility of buying your first one.
1 comments

However, the utility of money starts to drastically increase once you reach a tipping point where it can start allowing you to wield real political power.

The graph of monetary utility may look like a logarithmic graph at first glance, but that's just because it's more like a C1 + (x-C2)^3 graph where you haven't followed x far enough to the right.

Eh, it's not that linear.

Remember when Michael Bloomberg spent 500 million dollars to be on the Democratic debate, and Elizabeth Warren burned that money down with a single zinger?

https://www.youtube.com/watch?v=QD4csGWPo6o