Posted by burnsy483 on 6/16/2014 2:59:00 PM (view original):
Posted by MikeT23 on 6/16/2014 2:33:00 PM (view original):It seems so obvious to me. People are talking about LeBron and Wade taking pay cuts to get Melo to play in Miami because they have all the money in the world, already, what's the difference? Yankee fans ******** at Cano taking more money (ironic, but anyway...) because "what's the difference?" Many athletes taking less money to go somewhere else/stay where they are because the money doesn't matter as much. Gil Meche(?) retiring and walking away from $12M because he was tired of playing baseball. So it seems obvious enough that the extra million that many others make may not matter as much as the extra thousand that the less wealthy make. If you don't see it, then we're arguing over something that I can't prove to you. What makes all the sense in the world to me may not to you, or most others in this thread.
Posted by burnsy483 on 6/16/2014 1:01:00 PM (view original):"If you want to blame me for taking my experiences and applying them to society, making for a bad argument, that's fair, I suppose."
Maybe it's as simple as "I don't have as good of a grasp on human nature as I thought I did." But it seems to me, that someone with $100 dollars in their bank account, rent due tomorrow and their next paycheck of $500 coming next week would make the next dollar he made more valuable and make him more likely to pick up the dollar on the sidewalk than the guy with $1 million in the bank and a paycheck of $10,000 coming this week would. And I'm not only talking about perceived value by both people, I'm talking about actual value. One guy needs every penny, the other doesn't. But maybe it's legit me not understanding people as well as I thought I did.
As for the argument of "I'm not a saver" maybe I don't have the exact mentality as moy does, but I do save money. I save more money now than I did 5-10 years ago because I make more money. My mindset really hasn't changed too much, except that I have the ability to save money, so I do. I don't buy many material items, I don't smoke, and with more money I earn, my lifestyle likely won't change much. But there was a period of time where if I saw a quarter on the ground, I grabbed it, because it was 1/4 of the way to me getting a burger at McDonalds for lunch. I'm not necessarily going out of my way to pick up a quarter anymore, because I don't NEED to. Money still have value to me, I do want to retire one day, but the value of each dollar isn't as strong as it was. If you want to blame me for taking my experiences and applying them to society, making for a bad argument, that's fair, I suppose.
If your argument is "I don't care what's necessarily better or worse for the economy, it's my ******* money, and I'm going to do what I want with it, don't tax me more just because I can afford it" I can actually appreciate that argument more. Especially when it's true that there are many people who ARE poor partially because they spend money poorly.
I've been all over the income spectrum over the last 16 years. I've always picked up the quarter(or nickel). I assume I always will. But I don't apply that to everyone else.
Sounds more like opportunity cost than the law of marginal utility.
I.e. lebron making more money might mean his buddy won't be winning championships with him because of a salary cap structure of some sort. That does not necessarily mean every future dollar is worth less, rather that other things like winning a championship with melo are worth more.
We see this every day with people turning promotion opportunities because it'd require too much travel, or not wanting to work for a tyrannical boss despite the financial upside. There are more important things than money - no one is disputing that.