And yet for some reason all the algorithmic pricing targets the laborers, when apps hunt for whales they target teenagers. Ridiculous.
There is a need for proper pricing for the rich, i.e. Elon can pay a million dollars per meal. Someone is leaving money on the table.
Love this.
Parking and speeding tickets should have income brackets, at least.
In the early Internet I saw this thing, no idea if it’s true but it sounds good (someone can math check it), goes something like:
A person pays $2 to play basketball on a public court.
Michael Jordan gets paid $2k to play on the same one.
A person pays $100 for basketball shoes.
Michael Jordan gets paid $100k to wear the same ones.
A person pays $40 to go see a basketball game.
Jordan gets paid $400k to attend the same game.
Michael Jordan makes about $5 per second.
If Michael Jordan saved all his money without spending a penny for 250 years…
He wouldn’t even have half as much as Bill Gates!
It made me think differently about money and consumer spending.
Ha, you just reminded me of something that I read a long time ago. Some history book which relayed a story from some part of islamic world from centuries ago.
A king goes hunting but fails to catch anything. Hungry, he goes to a nearby village. He enters the inn and orders some quail eggs. After finishing the meal, he goes to pay. The innkeeper tells him that the meal costs ten gold coins.
"I did not know quail eggs were so rare in these parts," says the king.
"They are not," replies the innkeeper, "but kings are."