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1. Outsized rewards don't imply outsized contributions, rent-seeking exists. The contributions don't even have to be positive, see Facebook. 2. Outsized contri
by anoncake 7y ago
1. Outsized rewards don't imply outsized contributions, rent-seeking exists. The contributions don't even have to be positive, see Facebook.
2. Outsized contributions shouldn't result in outsized rewards. The marginal utility of additional wealth is much higher if you're poor. Inequality is inefficient. Also, if you are rewarded as much as you contribute, your net contributions are zero.
> Even our poor have modern conveniences, access to emergency healthcare, generally safe food and infrastructure.
Dude. Emergency healthcare and generally safe food isn't something to be proud of unless you're a developing country.