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If there were only investment bankers and drummers, it would almost make sense to force the bankers to support the drummers (in effect what you are proposing).
by NoPiece 14y ago
If there were only investment bankers and drummers, it would almost make sense to force the bankers to support the drummers (in effect what you are proposing). But the reality is there are mostly people like me, working very hard to support a family, making less than 100k, and I find the idea very hard to swallow that I should be supporting a drummer because they'd rather play than work.
- _delirium 14y agoI agree it's fairly complex, but I think there is a lot more than some people working hard, providing value, and making money, while others are just "playing", not providing value and not making money. Ability to capture value is central, and not as easy in all valuable areas as others. One longstanding debate is over scientific research: patents are an attempt to allow it to be monetizable, so the market will ensure that scientists are able to capture some of the value of their discoveries. But they also have a lot of problems, and in addition tend only to allow near/medium-term value to be captured, so don't help much with basic research that will only be commercialized in terms longer than the patent term. That's one specific example, but I don't think entirely unique.