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Your comment capped it at 2x the wealth of a typical worker - so then once someone has achieved 2x the wealth of a typical worker, wouldn't any additional work
by swampthing 12y ago
Your comment capped it at 2x the wealth of a typical worker - so then once someone has achieved 2x the wealth of a typical worker, wouldn't any additional work be for no return?
- DenisM 12y agoOh, that was 100 times, not 100%. My bad. :) And it's "typical" not "maximum". If a typical capitalist is 100 times richer than the typical worker, and workers outnumber capitalists 1000:1, then 90% of the of all wealth (and thus economic power) is with the workers, yet capitalists still have their incentive to work their hardest - some of them will only be 10x, and some 200x of the baseline. The key is that in this scheme capitalists are all competing with each other for the same slice of the wealth pie, instead of competing against the workers, as they do today.