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Look I'm not saying that managing money, technical skills, investment etc should not matter. Of course it should. Of course it's true that some people work hard
by geraltofrivia 7y ago
Look I'm not saying that managing money, technical skills, investment etc should not matter. Of course it should. Of course it's true that some people work harder than others (even if we discount the upbringing, and the family's economic situation).
That said, the difference in standard of living, and the difference in the number of zeros in bank balances surely do not reflect the aforementioned differences. Surely you don't believe that someone works a thousand time better than me (current income ~ 2.5k EUR)?
I'm saying that the wealth gap is far too wide for any reasonable justification. I'm not rooting for a completely egalitarian/communist society, but the current situation needs to change.
- logicchains 7y ago>That said, the difference in standard of living, and the difference in the number of zeros in bank balances surely do not reflect the aforementioned differences. Look at it this way. A company is something someone can create that grows in value many orders of magnitude. Wouldn't we hence expect an ownership stake in this to also grow many orders of magnitude? Whereas the average worker assists in creating some product that has a fixed value, so when they receive a share of what people are willing to pay for that product/service, it's obviously much less compared to if they had created something with the potential for exponential growth. If the worker assists in creating a company, and manages to negotiate for stock in it, then they too can experience an exponential growth in their income's zeros if it grows in value.