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If one farmer works harder than the guy next door and becomes richer as a result, how is that bad? It isn't. But if one farmer works harder than another, wealt
by vannevar 11y ago
If one farmer works harder than the guy next door and becomes richer as a result, how is that bad?
It isn't. But if one farmer works harder than another, wealthier farmer, and the wealthier farmer makes 1000 times more than the harder working farmer, that is bad. And that is how the system currently works: we systematically reward people for being wealthy, regardless of any personal qualities or talents. And whereas there is a natural upper bound on how hard you can work, or how clever you can be (we're all human beings, after all), there is no upper bound on how wealthy you can be, and therefore no upper bound on the advantage you can be born with. It's tough to work 1000 times harder than someone else, but trivial to earn 1000 times more from investments if you have 1000 times more to begin with.