This is an underrated property of wealth accumulation: beyond a certain point money doesn’t cover useful things, but vanity projects, and is being wasted.
The typical cliches in this subject are that nobody can decide what’s worthwhile or not so we have to let the people with accumulation decide and that it stimulates the economy, no matter what kind of spending it is.
Claude can point out the flaws in those arguments fairly easily by now.
The typical cliches in this subject are that nobody can decide what’s worthwhile or not so we have to let the people with accumulation decide and that it stimulates the economy, no matter what kind of spending it is.
Claude can point out the flaws in those arguments fairly easily by now.