Hot answers tagged economics
Quiet simply: loss aversion People are adverse to loss, the majority of people who are wealthy pay into a system they get little direct benefit from, in comparison to poorer people who tend to get back what they put in or more depending on circumstance. However the rich, and everyone else, benefit from being in wealthy westernised societies with higher ...
With wealth comes required security, at least if you value your existence and temporary stay on this earth. Also, like the first comment stated, a lot of wealth is hidden, usually (my personal opinion at least) for means of not paying taxes or something along those lines.
The economic concept of marginalism comes to mind. Actors will spend money to buy virtual goods if the marginal cost (price) is lower than the marginal (subjective) utility of the virtual good. If you have lots of money it's easier to spend $10 on extra lives. This explains some of it. Most of the purchases are small, so the individual cost/utility analysis ...
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