Quoting the President on a recent speech:
"I want to be clear, we're not trying to push financial reform because we begrudge success that's fairly earned. I mean, I do think at a certain point you've made enough money."
I wonder... How much is too much? Is the amount different for different people or is there a standard? Who gets to decide when enough is enough - you, or someone else - like a regulator? If a regulator, what might be the unintended consequences if she guesses wrong? What are the implications for a regulator getting it wrong for all of us vs. some of us getting it wrong for ourselves?
For most of us there is likely a point at which that next dollar that we could earn wouldn't be as valuable relative to the effort we'd have to expend to get it. We have alternatives that become more attractive (reading more, spending more time with the family, taking a class at the community college, retiring, working for a non-profit). I am certain, however, that this is a dynamic, subjective concept: the point shifts quickly as our situation, needs, desires, and alternatives change from moment to moment.
Since we all face different situations and have different preferences, it would be surprising to me that one could objectively determine an amount that is "enough" for anyone. Many of us struggle with answering that question for ourselves.
What do you think?