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Despite his great wealth, Rockefeller did not enjoy many of the conveniences that we now take for granted. He couldn't watch television, play video games, surf the Internet, or send e-mail. During the heat of summer, he couldn't cool his home with air-conditioning. For much of his life, he couldn't travel by car or plane, and he couldn't use a telephone to call friends or family. If he became ill, he couldn't take advantage of many medicines, such as antibiotics, that doctors today routinely use to prolong and enhance life. Now consider: how much money would someone have to pay you to give up for the rest of your life all the modern conveniences that Rockefeller lived without? Would you do it for $250 billion? Perhaps not. And if you wouldn't, is it fair to say that you are better off than John D. Rockefeller, allegedly the richest American ever?
Principles of Economics (book) by N. Gregory Mankiw
Language: English
Submitted by: kemalakkustr
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