In his defense, he's really comparing ~$200k to ~$400k, not poverty to $400k. Beyond a certain point, the more money you have, the less extra money matters.
This mentality is what drives people to misery, greed, depression, stress, strained personal life and ill health.
One's "full potential" is not about making as much money as one could make.
One reason for someone to think this way: in most western countries income at these levels is taxed at very high rates. Why work more when the government just takes a big chunk of your earnings?
As if excellence were measured in money.