A Quote by James Surowiecki
Behavioral economists have shown that a sizable percentage of people are willing to pay real money to punish people who are taking from a common pot but not contributing to it. Just to insure that shirkers get what they deserve, we are prepared to make ourselves poorer.
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In psychology and behavioral economics, people have shown that if you just describe options in a certain way, or make some features of a situation salient, you can get people to do and even see what you want. You don't have to be a Jedi to manipulate people's attention.
I always tell people there's only one trick to writing: You have to write something that people are willing to pay money to read. It doesn't have to be very good, necessarily, but somebody, somewhere, has got to be willing to pay money for it.
I believe in taking care of myself and teaching other people who want to learn. I don't believe in just printing money and giving money. I'm willing to teach those who are willing to learn. If you're not willing to learn, then go vote for Obama. I'm not Republican or Democrat, so don't get me wrong.
A lot of athletes go from not making any money at all to make any large pot of money. Then they get approached by an agent who takes a percentage. Then they get approached by your financial advisor who starts investing your money without you even understanding what he's doing.
I come from some humble beginnings, and I just believed that when people pay their money, hard-earned money, that they deserve a certain level of performance.
I do think there is a lot of potential if you have a compelling product and people are willing to pay a premium for that. I think that is what Apple has shown. You can buy a much cheaper cell phone or laptop, but Apple's product is so much better than the alternative, and people are willing to pay that premium.
There is an important message that all political leaders should be taking from the response to coronavirus, and that is that people are prepared to make hard choices for the common good.
The first thing is to be willing. You must become willing to feel the discomfort that's occurred and/or shown up. Some of it is taking ownership of your part in the situation, to clean it up and be willing to make amends.
I make a lot of money. I can take a pay cut. All my friends are taking pay cuts that are in the unions, that are - that are farming in Alabama or whatever it is. I can surely take a pay cut, too, not cutting down my show or - or the people that work for me, I can take a pay cut.
If you make a really good product that people want and are willing to pay for, money will come.
What the Democrats do with income inequality is punish the people at the top of whatever bracket we're talking about. If it's income, they want to raise taxes. They want to impugn, punish, institute more regulations, just make it tougher and tougher and do what they can to take money from them.
People who put money in the church basket and people who go to church and pay the pastor: that isn't real philanthropy; that's just like you belong to a country club. You pay your dues to belong to that church, so you pay your tithing or whatever it is.
Eventually we realize that not knowing what to do is just as real and just as useful as knowing what to do. Not knowing stops us from taking false directions. Not knowing what to do, we start to pay real attention. Just as people lost in the wilderness, on a cliff face or in a blizzard pay attention with a kind of acuity that they would not have if they thought they knew where they were. Why? Because for those who are really lost, their life depends on paying real attention. If you think you know where you are, you stop looking.
Go to the farmers market and buy food there. You'll get something that's delicious. It's discouraging that this seems like such an elitist thing. It's not. It's just that we have to pay the real cost of food. People have to understand that cheap food has been subsidized. We have to realize that it's important to pay farmers up front, because they are taking care of the land.
Below an income of ... $60,000 a year, people are unhappy, and they get progressively unhappier the poorer they get. Above that, we get an absolutely flat line. ... Money does not buy you experiential happiness, but lack of money certainly buys you misery.
Put simply, the rich pay a lot of taxes as a total percentage of taxes collected, but they don't pay a lot of taxes as a percentage of what they can afford to pay, or as a percentage of what the government needs to close the deficit gap.
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