Subjective wealth

Let them eat cake!

Still sick, still trying to be short, still trying to not roleplay a holy apostle on the Internet.

Let us talk about money. It is a definitely this-worldly thing, I hope we agree. There may be those who worship it, but hardly in a literal, religious sense. Apart from that, admittedly, all bets are off. People can get really excited about it. Probably more than it warrants.

I have looked at these protest movements in the USA and elsewhere, where people want a change to the current distribution of wealth, where a small minority has most of the money. I do not agree with them. Here is why.

As I see it, there is not a big difference between the rich and the middle class. Not even between the super-rich and the lower middle class. Sure, in absolute numbers the difference is staggering. A single oligarch can have more money than a whole town. But it is still just different levels of luxury. The real difference is down to the actual poor: Those who don’t know where their next meal will come from, or where they will sleep tonight, or when they will find a pair of shoes without holes.

You may have read about Maslow’s Hierarchy of Needs.We often refer to this as a “pyramid of needs”, but I have a revelation for y’all: In terms of money, it is actually an upside-down pyramid. It takes little money to eat, it takes a lot of money to gain social status, and in between there are things like living in a good neighborhood, getting high-quality medical treatment and so on.

But it gets even more convoluted than that. For the highest levels of the traditional pyramid barely need any money at all. To actualize yourself certainly may require some free time (“slack”), but you can also gain that through having a menial job you can do with half your brain. You don’t need to travel the world to grow as a human. But it probably helps to not be so hungry that you don’t know or care where you are and what you are doing.

I think of money as following a Briggsian logarithm, or base 10. That is to say, someone who has 100 dollars is twice as rich as one who has 10. One who has a million dollar is twice as rich as one who has 100 000. Actually I am not sure, it may be fading at higher levels, but it seems to hold pretty well at low levels. If you don’t have money at all, having money to buy a bread makes a huge difference. A bread can provide food for a person for a week. But for a middle-class person, finding extra money of that order is basically worthless. It is barely worth stopping to pick up. For Bill Gates in his prime, it was said that picking up a $1000 bill would cause him a net loss, because his time was so much more worth.

Does this make sense to you?