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I would go further. My clients' money is their money. As it's their money, they can do what they want with it. If they choose to give it to me, it's now my mone
by objectivistbrit 10y ago
I would go further. My clients' money is their money. As it's their money, they can do what they want with it. If they choose to give it to me, it's now my money.
Similarly, if you have a job, the money your employer gives you is now your money. If you have a business, the money your customers give you is now your money.
It's true that someone making £60k a year probably works harder, with more responsibility, and has invested more up-front in their own skills than someone making £20k a year. However this shouldn't be used as the justification for their higher salary; the justification has to be that freedom and property rights are inviolate principles.
If you cede those principles -- e.g., by conceding that hedge fund traders and CEOs cannot possibly be "worth" their high salaries, and so they should not be permitted their salaries, and so they and their employers do not have a right to their own money -- you effectively give free reign to the government to interfere with any economic transaction in the name of "fairness" or "justice".