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The business leaders who really matter are motivated by their passion and curiosity, shaping their legacy, changing the world, etc. I don't think a personal tax
by aczerepinski 9y ago
The business leaders who really matter are motivated by their passion and curiosity, shaping their legacy, changing the world, etc. I don't think a personal tax rate of 90% would stop the next Steve Jobs from doing important work.
If we're talking about a class of people who don't enjoy their work and won't keep at it without outsized financial incentives, I really don't think we're describing visionaries that we depend on for realizing our potential as a species. I'm 100% ok if hedge fund managers who underperform the market anyway decide to close up shop and sip pina coladas all day.
- TACIXAT 9y agoI dislike the myth that business leaders and entrepreneurs who are motivated by money do not matter. There are plenty of income-motivated people who are building meaningful products.
- TheAdamAndChe 9y agoSure, but income and wealth inequality is affecting our sociopolitical stability. Should we really prioritize their success over the lower and middle classes? How much higher should executive pay be compared to the workers? Why should executives get tens of millions per year while the laborers make $20-40k/yr?
- TACIXAT 9y agoNot totally sure what you're responding to. I was just commenting on this statement from the parent - >The business leaders who really matter are motivated by their passion and curiosity, shaping their legacy, changing the world, etc. I agree though. Most laborers work 10x harder than I do. I'm just rewarded from having some obscure knowledge. I do not necessarily agree that we should be going after individuals though. I think corporations are the correct target.