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I think it's mostly as simple as money having marginal utility. The first $30k a person make per year goes to absolute essential (ie. food, housing). The next $30k goes to really nice the have things like better transportation, medicine, etc. As a person makes more money, each additional dollar has less of an impact on their life.


That is also true. But I don't like the original article treating "being wealthy" as the, uhm, chicken?, in this chicken-egg problem.




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