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by eru 360 days ago
> This parallels the diminishing marginal utility of wealth, which states that with extreme wealth, you can't buy any more to get more utility or happiness.

You can buy more. The utility just diminishes, but doesn't go to zero.

> Ironically this is a tiny bit of what we saw with employee stock options in the early days of the internet industry, reflected in the historically outsized power and voice of workers. Arguably, that is a part of the rationale behind the big tech layoffs - to put labor back in its place.

Compare and contrast https://slatestarcodex.com/2014/09/14/does-class-warfare-hav...