Message from @Scarlet
Discord ID: 470653139540770827
I dont think i really hold the relevant positions to anwser that. Half of this has been me playing devils advocate.
I dont think its about being justified in owning exactly? More that its hard to really say that "Yes, bill gates worked so hard, and so well, that he deserved to make those billions"
(Compared to most of us plebs making a few hundred thousand a year at most)
The CEO - Worker income disparity is also tossed around
he's the one that made the calls that ended up with him earning that money in the end
And the people willingly gave him that by buying the product,
The people who worked for him willingly accepted that wage
he did deserve to make those billions
Had to google the number, but i know Modragon's Worker-CEO ratio is 1:15 roughly.
First article i found is that in Canada the average CEO makes 200x the average Canadian income (50k/Year)
Well like i said before, capitalism doesnt need justification
exactly
The people calling for high taxes on highest earners and the like do however.
but the issue of people getting upset is them being angry they don't want to take risks themselves
people who feel that way never started their own business to prove they are as capable to become rich too
Though, i'd kind of disagree on whether he deserved it or not.
I mean deserved to become rich, sure?
But 80 billion is a mind boggling amount
be played very dirty, and destroyed other companies in the process
but in the end, he did deserve it
What's the metric for 'deserve'?
did he do criminal acts that he hasn't attoned for?
he violated certain anti-trust laws, and went to court, with the courts finding him guilty, and forcing him to give up his CEO position
after he destroyed Netscape
he didn't steal it,
didn't con it
all the money he earned is from people willing to work for him at their salaries,
and consumers willing to pay for his product
Ultimately thats true, or at least close enough to the truth
Which is why i said in the capitalist system it ultimately doesnt matter if you 'deserve' it, thats how the system works
exactly
Whether you contribute to peoples lives or not, so long as you managed to make the money within the letter of the law, the system accepts that.
well tahts the beauty of capitalism,
People decide themselves if they want it
nobody is forcing people to buy the best graphics cards etc for their pc
or most fancy iphones
the people decide what they want to buy
And if the market offers, people can buy it
If the market isn't there and people want it, Someone will get funding to get into that market and people will buy it
¯\_(ツ)_/¯
More favorable example for the non-capitalists is predatory lending
true
It's legal, you sign the loan, you can read the letter of what you're being offered, and accept it
But it's certainly not contributing to society to have alot of people bait people into predatory loans, and then profit off their misfortune.
thats a grey area for me
Because it sucks when people get suckered into that and become endebted
On the other hand, those people are adults, they should be responsible
there can't always be a protector/parent/nanny around
Its like Thomas Sowell said, something along the lines of
"You can't subsidise stupidity, and expect people to become more responsible"
I agree with the last bit, but i feel like this is a good example of where regulation is warranted. Stoping it entirely probably isnt worth it, but making it harder to do, and trying to inform people if they're being suckered is good.
true