🚀 go-pugleaf

Fabrizio J Bonsignore wrote:
> Classical economic theory states that homo oeconomicus is a utility
> maximizer under budget constraints. From this model several
conclusions
> are taken. But not ALL people fall into this scheme. There are many
> instances where this maximizing behaviour is not observed in reality
> (would be like micro-microeconomics).
>
> Superbillionaires are already maximized in utility. THey can live in
> pleasure at all time! NO matter what pleasure... (hence the prahse
> filthy rich). They are not subject to a budgte constraint. Are they
> maximizing something? Indeed, they are maximizing monetary holdings!
> Superbillionaire homo oeconomicus is a cash holding maximizer under
NO
> (budget) restriction(s).
>
> Danilo J Bonsignore, previously Fabrizio J Bonsignore
> (in the city of the foundation that sends people to Bellagio, living
in
> drop in centers)
> Pronounced by some Dnielo Bansinyor

In the presence of the absence of budget restrictions, either by
property or by political power (monetary emission), even people become
commodities! (This applies to individuals and to Nations, except that
individuals don't take into account inflation, while Nations have to
take it into account.) The preference hierarchies of superbillionaires
difer then from that of other individuals in that it includes "goods"
which normally are not goods at all, namely, people. From an
axiological point of view the hierarchy of values of superbillionaires
is also different from that of individuals, as even consequences can be
considered as good to be bought, or actually, as goods already bought.
The question then is at what point a fortune turns into the equivalent
of ano budgetary restriction...

Fabrizio J Bonsignore, now Danilo J Bonsignore

Fabrizio J Bonsignore, now Danilo J Bonsignore