It's possible to have "too much of a good thing." because we can't always manage good things. I do think that having excess of something might make it difficult to cherish and embrace it.
Too much of anything will make you feel value the good things less as you have that in abundance. If you utilize or have a good thing too much, it will always have a negative side effect.
Some people might reply that they appreciate "too much of a good thing." as they have encountered situations when they had nothing. So, the time of misery made them to value everything they have and be grateful to every good thing.
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