Or are you suggesting that if someone was poor and then wins the lottery they'd be exactly as likely to take cabs vs a much slower/cheaper public transit route?
No, I'm saying their desire to take a cab wouldn't change. The fact that I can't afford to buy the Hope Diamond doesn't mean I value it at zero. Likewise, the fact that I can't afford to buy myself an extra ten minutes by getting a taxi doesn't mean that I place no value on those ten minutes.
> And you went beyond saying that the individual values their time more, you implied that society should also value it more to encourage productivity.
What....the hell? Where did I say anything like this?
I think it was this bit, where you say wealthy people's time is worth more because they're more productive and we should encourage such productivity:
"Their time is worth more because they create more value per unit time than others. We want productive people to become even more productive, that's how the world gets better."
No, I'm saying their desire to take a cab wouldn't change. The fact that I can't afford to buy the Hope Diamond doesn't mean I value it at zero. Likewise, the fact that I can't afford to buy myself an extra ten minutes by getting a taxi doesn't mean that I place no value on those ten minutes.
> And you went beyond saying that the individual values their time more, you implied that society should also value it more to encourage productivity. What....the hell? Where did I say anything like this?
I think it was this bit, where you say wealthy people's time is worth more because they're more productive and we should encourage such productivity:
"Their time is worth more because they create more value per unit time than others. We want productive people to become even more productive, that's how the world gets better."