3 ms·

I think stretchwithme meant to say "though they create more value"

• rfrey 13y ago
  You're probably right. It's hard to pin down what's meant by value though. To an economist it's economic contribution, so it becomes a tautology to say people who make more money or build bigger companies create more value. It gets more interesting when the definition of 'value' is less technical and more common: providing some benefit or capital-g-Good to society. But those discussions are not well conducted over the internet, or anywhere in fact where scotch whiskey is unavailable. And in any event, most people would probably agree THAT definition of value is also unconnected to wealth.
• stretchwithme 13y ago
  No, I think people who work 80 hours a week making twice what someone who works 40 DOES bother some people. And then there are people that worked for years to develop a capability and get paid for doing it for 20 minutes. Somehow that's supposed to be equal to 20 minutes of hamburger slinging. People pay for value, not how long it took to produce it or whether it took years. It is impossible for some authority to somehow do a better job of judging value than millions of people spending their own money on things they value. There many, many considerations and what others value is not ours to cast aside because we think particular deals don't make sense. But that is the objective, to get government to somehow fix this "problem", as if all the interventions and subsidies and taxes towards that end don't even exist.