CardsFan88, you sound like one of those libertarians that don't make much money in the real world. I can tell you for a fact that for someone who's made $30M in a three-year period, $2M feels like it's not enough to live on.
And you're foolish if you think that the mega-rich or even the affluent particularly care about 6% inflation or hyper-inflation (neither of which are going to happen, for reasons I can tell you if you care to understand), because they own hard assets that are going to appreciate in value, not currency. And no, rich people aren't putting their money in gold, they're putting it into actual things, and if there's hyperinflation (and there won't be), a thing still has value equivalent to the money supply.
Actually my idiotic party controls the presidency.
A fact of emotion. Which isn't exactly a real reason to stand behind. But it does beg that question. Why is it that people with more money should be able to turn up their noses to insane amount of money others would kill for and be seen as it being legitimate?
Not having money to experience it, does not in any way mean I can't understand and empathize/criticize the dynamics of that situation. It's quite simple to understand.
A person who can't see 2 million as alot of money has his brain warped. It's not a legitimate reason.
It may be in effect, a real event that occurs often, I give you that point entirely, I just don't consider it legitimate, nor is it something that has to be that way.
A person can keep themselves grounded, and funny enough, I actually think a guy like Kolb might be more or less one of those guys. Just seems to me to be the type. But I can be wrong. Or the prospect of a pay cut might not even be offered to him.
The standard is hard, but it is correct, you don't let a bunch of money alter your viewpoint of money. It's one thing to alter say tipping behavior, or loosen up some buying habits because you have more money, but turning ones nose up at 2 million is quite an egotistical thing to do, especially given Kolb's history. Especially given the climate we're in financially as a country/world.
The problem with hard assets is people with money have to buy them before it hits. Not every rich person is going to buy them. Basically on the ride up of hyperinflation, if it happens, the rich get a few extra rolls of the dice at the Vegas casinos. They have an extra shot to 'own' something hard, whether it be land, PM's, whatever that has a shot to appreciate, but in that process, a process that is created by the event itself, most rich people today will lose that bet. Not only that, then you become the hunted, and it's a lot messier then most realize. A single gun won't protect one from a mob. I could go on and on about how things would be different under a different environment.
But still I always ponder, how much in hard assets will the last roll of toilet paper in a particular region sell for? So hard assets only buy you what is available in a collapsed society such as that.
If it doesn't happen, he has plenty of money to live on. So my position is one that approaches both ends. It's cognizant of the fact that the last time it hit the entire GDP of a nation, if one person owned that much, wouldn't buy a loaf of bread five years later. On the other hand, if it doesn't, he has plenty of money, even if (and it is an if) his mind has been twisted by being rich. So you're right, rich people might not care about 6 percent or 10,000 percent, but THAT is foolish. I concede they probably don't care, but point out correctly that that is truly the foolish position.
But I simply don't accept the reasoning that someone who is rich should legitimately be lauded as correct for turning down such money. I entirely think and know that it indeed happens. I just think it's rightly, foolish. Now if he thinks he's worth more elsewhere, fine, but I too on that think it's wishful thinking that anyone would give him more than a 1 or 2 year show me contract for around the veteran league minimum to 2x that amount.
Actually I don't make much money, but that's because I choose to wipe my dad's butt for a living, rather than use my multiple degrees graduating Summa Cum Laude. Not that the economy is looking for many people without 10 years experience in whatever field. What I do know is that I've had times in my life where I felt like I had a huge amount of money for my age, yet it amounted to nothing as I was beaten down from 9-9 days of work and school, plus work on Saturday. So I learned early on money is not everything, especially not when its value is a moving yard stick of illusion. I choose to make 10k instead of looking for 35-50k to start. That's a choice I make. Though it wasn't long after I graduated everything tanked, and here in the Phx area, there isn't 60 pages of job ads like there was before then.
I too understand how hyperinflation could or could not happen. Saying it won't happen and that it is impossible is only a guess, just like saying that it will happen. Because the pressure is one way, and the only thing those with the hands on the lever can do is to force the other. But again that's a different discussion we should leave for another section of the board.
I just think in the wide range of possibilities of what can happen, since the possibilities of what might happen are so large and the threat real it is correct to postulate a wider spectrum of possibilities, that in either case, what Kolb would potentially be bickering over wouldn't be affected by the amount he's talking about. Either he has enough, or it won't be anywhere near it. (In other words if the football discussion is about what Kolb should do as viewpoint of the future, then such a wide range should be considered, and in that range I have imo determined that the difference being used as justification of taking an alternate path amount to no difference in effect).
I understand and appreciate your presence on this board and as a fellow fan, so I'm not trying to attack you, merely pointing out what I see as a general consensus I see regarding such mindsets where we as a society tend to allow rich people the ability to act stupidly based on false emotion and think it to be ok. Basically more of an examining of the philosophical and societal question applied to Kolb being the example.
