City of Heroes: Live Forum Archive

According to Time Magazine

Archantos

By Archantos,
Posted on: 2010-10-11 13:19 in Comic and Hero-Villain Culture

 

Posted

Quote:
Originally Posted by DevilYouKnow View Post
BTW, Time, Wealth? More important than either is Health. If you are sick all the money and time in the world can't make that time more pleasant.
Tell that to J. Howard Marshall, he is notorious for using his money to marry Anna Nichole Smith to make his last days on earth as pleasant as he could with lots of Viagra. Despite everyone complaining about it (especially his son), he did what he wanted, and didn't personally seemed to have any regrets doing so.

 

Posted

Time is not worth more than money...

It's just my time does not equal your time all the time

This is why a programmer can spend 10 hours and make $600
While someone at McDonalds spends 40 hours making $200

skill + experience + Network = $ per hour


How much in time is a game worth?

Final fantasy 7 = 100+ hours to complete and at released cost $60

the above programmer buying that is saying that his 1 hour of work is worth nearly 100x as much entertainment
The above McDonalds employee who makes $5/hr is saying 12 hours of work is worth about 10x as much entertainment

on the other hand 1 large pizza at $10 equal 1/6 an hour of work for a programmer but 2 hours of work for the mcdonalds employee.

2 hours of preparing food is only worth 3 prepared meals (2 of which would be cold)

Money simply a trade of time for services or resources and inverse.

It is impossible for money to be more valuable than time because money is person's value over time

 

Posted

Quote:
Originally Posted by Misaligned View Post
I disagree.

With enough money, you can essentially "buy time".

Win the lottery - You can now quit your job. You have just gained 40 hours (or more) a week.

Get a job making 2x what you were, but requires you to work 50 hours a week instead of 40. You "lost" 10 hours of time a week, but you can now afford vacations and things that will allow your time to be more suited to how you want to spend it. Therefore increasing your happiness quotient.

To quote a comedian (who's name I do not know):

They say money can't buy happiness! Well, to them I say "Just try and look sad on a Jet Ski!"

If you get rich enough, you pay other people to do the things you don't want to do, thereby freeing up even more of your time for things you want to do. I'd say that in almost every circumstance, money > time

Also - Money only matters to people who don't have it. Like me.
Daniel Tosh is the comedian in question...and that was closer to a paraphrase

"Money doesn't buy happiness." Uh, do you live in America? 'Cause it buys a WaveRunner. Have you ever seen a sad person on a WaveRunner? Have you? Seriously, have you? Try to frown on a WaveRunner. You can't! They're so awesome, it's just throttle. People smile as they hit the pier. Because you forget, you need gas to turn. It goes against your natural instincts. Some of you aren't laughing; we all miss your cousin, but not laughing's not gonna bring him back. He's dead for a reason. He was a show-off, and he tried to spray us. "I didn't wanna get wet!" I yelled at his mother at the funeral."

Furio--Lvl 50+3 Fire/Fire/Fire Blaster, Virtue
Megadeth--Lvl 50+3 Necro/DM/Soul MM, Virtue
Veriandros--Lvl 50+3 Crab Soldier, Virtue
"So come and get me! I'll be waiting for ye, with a whiff of the old brimstone. I'm a grim bloody fable, with an unhappy bloody end!" Demoman, TF2

 

Posted

addendum... of course if you can sell me actual time as in time to my life or something then there would be some sort of paradox and i think the universe would explode.

 

Posted

time > money only works if everyone else thought the same way and valued them the same way

except in 1st world countries you get a lot more benefits if you're rich (fame, women, social status) then if you have tons of free time so no, if you live in America, money>time

 

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Originally Posted by DrMike2000 View Post
Winning the lottery, maybe, although I've heard a lot of anecdotal evidence of that not working out too well for people.
Which is mostly due to the winners just not understanding what to do with so much money.

It's like a horse being suddenly confronted with a mountain of oats. The horse doesn't eat only it's immediate need then save the rest for later; it tries to eat it all in one go. In the same way, people who don't know how to handle money well when presented with $1,000,000 go on spending sprees and quickly deplete that money thus returning themselves to their earlier income levels, but now saddled with the costs associated with the new purchases.

Head of TRICK, the all Trick Arrow and Traps SG
Part of the Repeat Offenders
Still waiting for his Official BackAlleyBrawler No-Prize

 

Posted

Yeah time>money. About 4 years ago I was putting in 60+ hours a week 6-7 days a week and was getting 5 weeks off a year due to my time with my company. The day I was so damn tired that I failed to notice a redlight, ran through it and almost t-boned a family in a volvo going through the green light I decided to tell my boss I wanted out. Especially when the same job level coworkers were getting 2 and 3 days off (during holidays).

I've met precious few people that can function like that day in and day out - they certainly deserve thier success, but sometimes I have to wonder at what cost???


------->"Sic Semper Tyrannis"<-------

 

Posted

Quote:
Originally Posted by Misaligned View Post
Get a job making 2x what you were, but requires you to work 50 hours a week instead of 40. You "lost" 10 hours of time a week, but you can now afford vacations and things that will allow your time to be more suited to how you want to spend it. Therefore increasing your happiness quotient.

Quote:
Originally Posted by DrMike2000 View Post
That's the one I strongly disagree with. I'd rather have those 10 hours a week bumming around at home than a really high quality vacation in an expensive hotel with a jetski once per year. Or a bigger TV or faster computer or whatever.
This is a real-life example of something from microeconomic theory. In the basic economic model, when you start earning more money, there are two effects. First, there's the "income effect." That's what Misaligned is describing. The income effect is simply that if your income per unit of time increases, you'll increase the amount you work, since each hour (or whatever) of work now gets you more.

Second, there's the "substitution effect." This is what Dr. Mike is describing. The substitution effect decreases the amount you work because you can enjoy the same amount of money you were earning before while working less.

Economists maintain that the income effect dominates for most people. That is, they say that most people will work more when given a raise. This certainly applies in my industry, but I come from an industry of notorious workaholics. I've long suspected that for many people, it's really the substitution effect that counts.

This has been your Academic Minute for today. We now return you to your regularly scheduled thread.

Edit: I forgot the real reason I was posting again. I just wanted to say that Time magazine is incredibly overrated and needs to be dramatically embarassed publicly in order to be taken down a peg. Just my opinion.

"Bombarding the CoH/V fora with verbosity since January, 2006"

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-and 40 others on various servers

A CoH Comic: Kid Eros in "One Light"

 

Posted

Theoretically, all you need to do is make $500k to $1mil and you no longer need to work. I view those people that make like 600k a year and obsess over work as idiots... same with sports stars. They make millions of dollars and spend it all idiotically.

That's not to say that working is bad or that someone who makes 600k a year is absolutely an idiot. I just don't see how people can be so obsessed at that point and really, anyone with a brain should be able to realize that once you make x amount of money you no longer need to work and in fact you can build up a surplus if you live cheaply enough.

Personally i plan on trying to make a million and then living off that the rest of my life and then using excess amount on charities, fun projects, starting businesses, or giving to things i support. Working for money beyond $1mil is shows how stupid you are in my opinion. But working beyond $1mil for other reasons is understandable, because having a job is about more than making money.

 

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Quote:
Originally Posted by Durakken View Post
Theoretically, all you need to do is make $500k to $1mil and you no longer need to work. I view those people that make like 600k a year and obsess over work as idiots... same with sports stars. They make millions of dollars and spend it all idiotically.

That's not to say that working is bad or that someone who makes 600k a year is absolutely an idiot. I just don't see how people can be so obsessed at that point and really, anyone with a brain should be able to realize that once you make x amount of money you no longer need to work and in fact you can build up a surplus if you live cheaply enough.

Personally i plan on trying to make a million and then living off that the rest of my life and then using excess amount on charities, fun projects, starting businesses, or giving to things i support. Working for money beyond $1mil is shows how stupid you are in my opinion. But working beyond $1mil for other reasons is understandable, because having a job is about more than making money.
It all depends on how cheaply you're willing to live. If you have a spouse and children, that number will rise no matter how humble your own personal needs. Depending on how young you are, $1 million (even if we ignore the taxes) really isn't that much money.

I guess if you're an investment wiz and you're taking a massive return-on-investment for granted, you could retire forever. Otherwise, and especially keeping the recent economic meltdown in mind, I just don't see it. I really don't get where you're seeing a significant excess to donate to charity.

I'm no economist, but I think the so-called income effect that Olantern mentioned is dominant precisely because most people aren't anywhere near their practical ceiling for comfort/lifestyle versus income. There's almost always more for them to aim for, whether it's a better home or a better school for their children. Or, hell, an extra child or a new spouse or whatever it is you might not have considered before.

There are very few people who have so much money that they have to start looking at outrageously extravagant purchases to justify earning more. Some of those people work harder anyway because they like whatever it is they're doing -- or maybe it's just because they enjoy feeling important. Who can say for sure?

And yeah, there are a very few people who earn massive amounts of money (sudden lottery winners, poverty-born professional athletes) and end up spending it all shockingly fast. Buying a Ferrari for every day of the week isn't something I'd do even with billions to my name -- but then again, I'm not a poor twenty-year old who woke up one morning as the king of the world. Youth is wasted on the young and all that jazz. God knows it was wasted on me.

Quote:
Originally Posted by Iggy_Kamakaze View Post
Nice build

 

Posted

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Originally Posted by Obitus View Post
Youth is wasted on the young and all that jazz. God knows it was wasted on me.
Amen brother!