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Logic

I believe that rich people are responsible for a lot of the problems in this society. In fact, I believe the rich often contradict their own interest. One everyday example, a new sexy automobile comes out and is in limited quantity the first year. Dealers put a premium on the car because of the limited supply. The rich pay the premium and buy the car. But if they refused to pay a premium, along with everyone else, they could get the car without paying the premium because the dealer would have to remove the premium. Therefore the rich have paid the premium against their own interest. Why are the rich so stupid and how do stupid people get to be so rich?
Accepted:
June 30, 2006

Comments

Richard Heck
July 9, 2006 (changed July 9, 2006) Permalink

In the example you give, it seems obvious that there is another interest people have of which you are not taking account, namely, the desire to be "the first on the block" to have the new toy. I suppose one could question whether it is rational to have such an interest, but lots of people clearly do have it, rich or otherwise.

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