That part about rationality is huge. Far too many people believe that something costs an amount because it is worth that amount, and far too many people believe that something “is worth what someone will pay for it” while neglecting concepts like advertising and propoganda. So many things in this world cost far more than they should and wages are getting, relatively speaking, lower each year while those aforementioned costs rise and where’s the rationality in that? And all while people use that same belief to justify to themselves why a billionaire has “earned” their hoard.
It’s our biggest flaw, economically speaking and in my opinion, that we judge someone based on the money they have and not how they may have gained or lost it. A parasite with millions “must be pretty smart” and a hard worker out of a job “must just be lazy”.
That part about rationality is huge. Far too many people believe that something costs an amount because it is worth that amount, and far too many people believe that something “is worth what someone will pay for it” while neglecting concepts like advertising and propoganda. So many things in this world cost far more than they should and wages are getting, relatively speaking, lower each year while those aforementioned costs rise and where’s the rationality in that? And all while people use that same belief to justify to themselves why a billionaire has “earned” their hoard.
It’s our biggest flaw, economically speaking and in my opinion, that we judge someone based on the money they have and not how they may have gained or lost it. A parasite with millions “must be pretty smart” and a hard worker out of a job “must just be lazy”.
I’ve never heard people say that someone with money must be pretty smart.
Is that something American?