ThisSpaceAvailable comments on Decision Auctions aka "How to fairly assign chores, or decide who gets the last cookie" - Less Wrong
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Bethany and I philosophically bite the bullet on this, which is basically to just agree with your second point: the wealthy person gets their way all the time and the poor person gets what's to them a lot of money and everyone is happy.
If that's unpalatable or feels unfair then I think the principled solution is for the wealthy person to simply redress the unfairness with a lump sum payment to redistribute the wealth.
I don't think it's reasonable -- ignoring all the psychology and social intricacies, as I'm wont to do [1] -- to object both to auctions with disparate wealth and to lump sum redistribution to achieve fairness.
Now that I'm introspecting, I suppose it's the case that Bethany and I tend to seize excuses to redistribute wealth, but they have to be plausible ones.
If you'll excuse the critique of your syntax, it should be "to object both to ... " As it stands, it's a garden path sentence, with the initial parsing being that there are two auctions with disparate wealth, and you don't think it's reasonable to object to both of them.
Also, if an annotation consists of a link, you can put it like this [1]
Fixed and fixed. Thank you!