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Taking that logic to its natural end - I should be living a meager existence, eating and buying only what is necessary for my own continued survival, and donating any surplus to people who don't even have subsistence level living standards (and there are a lot of said people).

But do I really need to explain why that is undesirable, or why most people in the world don't do this?

Well, smart people have made that argument (http://www.amazon.com/Life-You-Can-Save-Poverty/dp/140006710...) but it's not the argument I'm making.

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