Skull Pilot
Diamond Member
- Nov 17, 2007
- 45,446
- 6,163
- 1,830
Marginal utility is just a justification for higher taxes on the most productive.
Personally every dollar i earn is just as important as any other.
I just utilize it differently (better) than someone else would.
Well, even appealing to basic intuition, we're aware that money far in excess of what is needed for the purchase of essential necessities will be used on commodities or simply hoarded. This is particularly morally repugnant because of the fact that these usages provide far less happiness than a poorer person's usage of that same money on necessities would. For example, Ahuvia's If money doesn't make us happy, why do we act as if it does? notes that "[r]esearch on income and subjective well-being shows that among the non-poor, increased income has little or no lasting impact on happiness."
.
I consider saving for retirement and working towards financial independence a basic necessity.
Personally, I never considered saving as morally repugnant.