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Not sure how. If you're a software engineer making 140k, you're still happy. You shouldn't have to make 280k at this company to be as happy.
by sovnade 8y ago
Not sure how. If you're a software engineer making 140k, you're still happy. You shouldn't have to make 280k at this company to be as happy.
- ianai 8y agoSuch a person doesn’t like seeing coworkers they feel superior to being able to afford things similar to themselves. But that itself proves a point about what sorts of decisions impact a country’s wealth the greatest on the margin. If you give individuals on the lower end of the spectrum more money they will spend it. There’s no worry that they’re going to put it into investments or expenditures which don’t turn into income for somebody else. So the GDP actually raises by much more of an amount, and thus national wealth in the long term aggregate, than if those income increases were sent to the wealthy.