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Even with all the problems that this (or any other nation) has, do you really think that it would help if every single individual made under $1M/year (which I a
by nakedrobot2 13y ago
Even with all the problems that this (or any other nation) has, do you really think that it would help if every single individual made under $1M/year (which I admit is a big salary, but it is not outrageous, in the marketplace of talent, in this big world)?
If someone provides this value, then they are this valuable. If they don't, then the salary should be lower. It is that simple.
Or, to put it in entrepreneur terms: If I start a company and sell it for $100M, and I keep $20M for myself, is this wrong, because there is hunger in the world? No!
PG has an essay about this. http://paulgraham.com/inequality.html http://paulgraham.com/inequality.html tl;dr: If you take away inequality, you take away the appetite for people to take any risks, because there will be no payout. You will then have fewer entrepreneurs, leading to fewer big companies, and fewer jobs. Read the article, it is an interesting perspective on the matter.