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Instead of dealing in black and white absolutes, how about World 3, where 99% of everyone has .9x and 1% have 9x. Plenty of economical arguments exist to suppl
by zanny 8y ago
Instead of dealing in black and white absolutes, how about World 3, where 99% of everyone has .9x and 1% have 9x.
Plenty of economical arguments exist to supply a profit motive as a means to spur economic development and advancement. At the same time, I highly doubt Bob the CEO of Big Bucks would staunchly refuse the job and that no other qualified candidate would consider doing it if the mean CEO salary was only $600,000 a year instead of 7 million. Hell, thats what they did make until Clinton era tax incentives.
Its the same argument as to why lifetime of the creator + 70 years copyright is ridiculous and absurd. Maybe Jules Verne would have written ten sequels to 20000 Leagues if only he could guarantee a distribution monopoly for 70 years after he died?
The orders of magnitude of wealth difference are colossal, and something with plenty of documented study showing your average citizen has no clue how large the disparity is between the average and the extreme prosperity at the top.
Others have answered why its a problem, I just want to point out its not a black an white either you go full communism or laissez faire.
- darkerside 8y agoI agree it's not black and white. The reason I presented a theoretical extreme was not to straw man. It's because I think it illustrates an interesting philosophical paradox. It seems that people would rather that others (the CEO) make much less, even though it may not mean the "proceeds" are distributed broadly, and in fact, everyone may individually be worse off due to economic fallout.