I have to stop reading threads about wealth inequality and…
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I have to stop reading threads about wealth inequality and fairness, but until then I'll share another thought for you to consider. They say...
"We should make it illegal for a CEO to make more than [fill in the blank] times more than the lowest paid employee. You can't convince me that the CEO works [fill in the blank] times harder than they do."
That perspective will lead to a lifetime of miserable victimhood. An efficient market offers little correlation between effort and pay. What you are paid is driven by how the result of your work is valued. Michael Jordan didn't work 100x more than a rookie, but he was paid 100x more than the rookie and 20x more than the coach because the job wasn't to try hard, the job was to bring the audience. Figure that out and you can be the CEO and voluntarily cap your own pay.
"We should make it illegal for a CEO to make more than [fill in the blank] times more than the lowest paid employee. You can't convince me that the CEO works [fill in the blank] times harder than they do."
That perspective will lead to a lifetime of miserable victimhood. An efficient market offers little correlation between effort and pay. What you are paid is driven by how the result of your work is valued. Michael Jordan didn't work 100x more than a rookie, but he was paid 100x more than the rookie and 20x more than the coach because the job wasn't to try hard, the job was to bring the audience. Figure that out and you can be the CEO and voluntarily cap your own pay.
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Yep, I could write a book about that one post...I see them all the time. The people in the comments end up eating each other fighting for internet points by saying "1 billion? Nope, nothing more than $100m" then "Nothing more than $10m", "$1m".
IMO it's not about certain amount sitting in bank account. It's about self-consciousness. As soon as person reach the very top of the Maslow's pyramid, should make a stop, deep breath, look around and ask question: why do I need more?
Literally had this type of discussion couple days ago with two leftist friends of mine. We talked about a proposal of our socialdemocrat party called "übergewinnsteuer" (too-high-margin tax) which i said is just pure fantasy communism speak since there is no "too high" margin and a government deciding on what is "too high" is a slippery slope. They literally got angry about my arguments and wanted to stop the discussion (after all they first asked me about my opinion on it lol). Not receiving more for doing a better job is a horrificly stupid concept. Smart people always only do as much as is needed (and paid). Pay everyone the same, theres no incentive or competition.
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I thought about doing an Ask Me Anything on one of the subreddits that focus on this stuff to try to help them organize their intentions and strategies to accomplish what they hope for (not that it's possible). But in the end I suppose that would work out the same way your conversation did. I want to help them as much as they want to rob me; since neither will work I guess that makes me the idiot.
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Envy is one hell of a motivation for the unwashed masses. Kudos for trying. It's much easier to argument for taking people's money when the government shows everybody that it's working. You're not an idiot, your fault in this is mainly into believing that people are honest to themselves.
Yeah, I don't think so. Do I think ANYONE is worth that type of salary? No. But I ain't signing the checks. It shouldn't be illegal.
I respect that, you don't have to agree with the shareholders that are signing the check.
🤞 Maybe I can trigger someone with this one, if not there's more where this came from!