Should something be done about this? CEOs earn 339 times more than their employees. [anticap.files.wordpress.com]
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Some people are drivers of the economies, ideas and society. They should be rewarded for that, but there is a limit or else revolution at some point will break out.
Perhaps in the Capitalist world the rich should be taxed upon assets, not income. Society becomes less happy when there is a huge disparity between haves and have nots.
In the USA, wealth is worshiped above all else, but the masses are denied access to it by the rich, who then indoctrinate the masses into believing that taxation of their riches would be terrible, as socialism is theft of private property.
There is a balance point, look at Japan for an example.
Sofabeast
Level 7
Mar 27, 2019
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We're way beyond rationalizing such extreme income and wealth and power imbalances as somehow deserved. It's a little like the sticker shock in moving from Arizona ($1,600 a year in property taxes) and New York ($11,000 a year on the same size and age house). New York schools and infrastructure are just not approaching 7x better than Arizona. Maybe 1.5x at best. Same goes for the top innovators and rich people (not at ALL the same thing BTW): they just aren't 339 x more deserving.
You are correct that some combination of revolution or tyranny will soon be the result.
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