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Old 09-10-2019, 12:20 PM   #92
Sidney Crosby's Hat
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Originally Posted by Slava View Post
There are a lot of studies that prove this. To me the most interesting is one that asked people whether they would rather be in a world where everyone earned $70k a year and they earned $100k, or one where they earned $125k and others earned $200k. People choose the first option most often. There's another where people are given the option of that $70k/year today or back 250 years ago. People choose to live back then and have lots of money. Logically, that makes zero sense because the standard of living back then, even with lots of money, was way worse. But we aren't particularly logical, just envious and status seeking. We don't want lots of money, we want more money than other people.
If EVERYONE in the world earned 70k per year, I feel like the economy would collapse. It would be a dystopian society. You would be making more than everyone but life would suck, wouldn't it? Right now the world GDP per capita is $17k.

I'd choose the second option unless it meant that EVERYONE earned $200k since that would cause the same problem as the first option.
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