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https://aella.substack.com/p/pt2-the-building-blocks-of-status/comment/135658371

William Wiser on Knowingless

A lot of highly compensated people are in it for the thing itself. They love what they do, so they get good, so people offer them more money. And of course, status and money are different things. Einstein was extremely high status but only moderately wealthy. If your status is high enough, you need less money because people just give you things. Wealthy people give away money to gain status (or maybe for fun). So, for some people who make a lot of money, it is more literally about score-keeping. Not being smarter, not the value of money. Just tokens in a game they enjoy playing. No idea what the norm is, though. Perhaps Aella could make a survey. How much X do you have? Why do you have X?



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William Wiser on Knowingless

https://aella.substack.com/p/pt2-the-building-blocks-of-status/comment/135658371

A lot of highly compensated people are in it for the thing itself. They love what they do, so they get good, so people offer them more money. And of course, status and money are different things. Einstein was extremely high status but only moderately wealthy. If your status is high enough, you need less money because people just give you things. Wealthy people give away money to gain status (or maybe for fun). So, for some people who make a lot of money, it is more literally about score-keeping. Not being smarter, not the value of money. Just tokens in a game they enjoy playing. No idea what the norm is, though. Perhaps Aella could make a survey. How much X do you have? Why do you have X?



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https://aella.substack.com/p/pt2-the-building-blocks-of-status/comment/135658371

William Wiser on Knowingless

A lot of highly compensated people are in it for the thing itself. They love what they do, so they get good, so people offer them more money. And of course, status and money are different things. Einstein was extremely high status but only moderately wealthy. If your status is high enough, you need less money because people just give you things. Wealthy people give away money to gain status (or maybe for fun). So, for some people who make a lot of money, it is more literally about score-keeping. Not being smarter, not the value of money. Just tokens in a game they enjoy playing. No idea what the norm is, though. Perhaps Aella could make a survey. How much X do you have? Why do you have X?

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      A lot of highly compensated people are in it for the thing itself. They love what they do, so they get good, so people offer them more money. And of course, status and money are different things. Einstein was extremely high status but only moderately wealthy. If your status is high enough, you need less money because people just give you things. Wealthy people give away money to gain status (or maybe for fun). So, for some people who make a lot of money, it is more literally about score-keeping. Not being smarter, not the value of money. Just tokens in a game they enjoy playing. No idea what the norm is, though. Perhaps Aella could make a survey. How much X do you have? Why do you have X?
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