If you put a limit on how much someone can earn, you put a soft limit on how much people do. Why do more for my company if I can't get more out of it? If this h

If you put a limit on how much someone can earn, you put a soft limit on how much people do. Why do more for my company if I can't get more out of it? If this happens to too many people, a company's products and services start to suffer. Why would someone invent a new technology that could help millions of people if he can't earn anything more out of it? > What is the point of earning more than what I can spend in my lifetime, or my grandchildren lifetime?. That level of wealth doesn't come from salary. It comes from equity. All that "money" is on paper. If the company made too many mistakes, all that wealth disappears. Besides, most family wealth is spent in 3 generations. EDIT: > I keep thinking, limiting the salary a person can earn, will somehow discourage people from running this rat race and accumulating so much wealth. It will inevitably put in every person mind the idea of work and personal life balance. Maybe, but work life balance is a very personal choice. If someone wants to work all the time, we, as a society, should let them. It might not be the best choice for the individual, but its their choice, and no one should stop them. Furthermore, even if a salary cap was imposed on everyone, there would still be a rat race, since work is not valued equally. People at the bottom will still work themselves "to death" and not have good work life balance.