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by ssalazar 3500 days ago
> Earning a high level of income in general already signifies that a person is contributing to society in a meaningful way. Their income is reflective of the service provided to others.

Yeahhh no, income is a laughable measure of one's contribution to society. Labor is a market as any other, and salary is a function both of the value provided as well as supply vs. demand. In the Valley, VC-funded technology companies can afford to pay exorbitant salaries but are a gamble as to whether they will provide any net value, as evidenced by their ability or inability to develop a sustainable business. Other distortions exist like rent-seeking or manufactured demand require serious mental gymnastics to see as a contribution to the world but can support high incomes.

> All corporations exist to better the lives of people. Their purpose is to earn profit for shareholders (ultimately, people), but how do they accomplish that? Mostly, by making useful goods or selling useful services.

Taking a page out of Ayn Rand? Corporations exist to enrich their owners, which is great; however providing a useful good or service is a sufficient but not necessary condition of doing so.

1 comments

> income is a laughable measure of one's contribution to society.

Whilst you're currently correct I think we should be constraining our markets so that you are not.