"no it doesn't, 1% of $10 is 10c & 1% of $1000 is $10."now, let...

  1. 36,517 Posts.
    lightbulb Created with Sketch. 1

    "no it doesn't, 1% of $10 is 10c & 1% of $1000 is $10."

    now, let me put it in another context: it has to do with one's capacity. When you are poor, 10c is worth a lot more to the poor than $10 is worth to the relatively better off.

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.