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by AnimalMuppet
3170 days ago
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> That society is what enables them to become rich. Somewhat true. Where you go with it is false, though. You seem to think that the society is all that enabled them to become rich. But if that's true, why does Bill Gates have more money than me? I'm in the same society. > If a democracy says we can increase taxes on the wealthy, then that is just a choice, not stealing. That presumes that everything a democracy decides on is just a choice - that it can't be wrong. I disagree with that statement. More, I think history disagrees with that statement. |
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Billionaires didn't really exist until there were billions of people. You can't amass that kind of wealth if there aren't people to generate it. Wealth is a means of capturing value and part of the value it captures is the value created by human intelligence and labor.
The fact that some people are both talented at capturing value created by society as a whole and well positioned to do so is a large factor in why some people have vast wealth and some do not. It doesn't mean someone like Bill Gates is "better"/smarter/whatever overall than other people. There is a combination of factors that lead to the concentration of wealth in the hands of one person like that.
This is why people argue so much about it. That wealth is created by the very existence of all of society, but inordinately benefits a small percentage of people.
I don't know how we do this better. I am not for Basic Income, nor am I for trying to manipulate things with a goal of creating "level" outcomes. I think both of those approaches are inherently problematic.
For one thing, society as a whole benefits when we actively reward certain behaviors. Being too punitive and too angry about some folks being rich hurts society as a whole. Bill Gates helped create real value for society by making the PC available to the masses, thereby revolutionizing life and business for pretty much everyone.
We need to not be discouraging things like that (things like people creating real value for society by being business people, etc). But I do think we need to do a better job of not shafting the masses.