That argument only works to explain and support the existence of millionaires and multimillionaires. With millions of dollars you can hire out most menial tasks easily. Especially if you’re still living in a reasonable home.
It falls apart when you reach excessive levels of wealth. Your first few million buys you a lot of time to specialize, but your $101st million buys you less. Even moreso when you get to billions.
That argument only works to explain and support the existence of millionaires and multimillionaires. With millions of dollars you can hire out most menial tasks easily. Especially if you’re still living in a reasonable home.
It falls apart when you reach excessive levels of wealth. Your first few million buys you a lot of time to specialize, but your $101st million buys you less. Even moreso when you get to billions.