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This point of view is appealing but doesn't match observation.

"Some people getting paid more, even thought they do more work" -- I don't see a correlation between hard work and high pay. Musicians and professional athletes only "work hard" compared to a bricklayer if you completely pervert the meaning of the words.

"those who command technology have more power than those who do not". The power brokers and very rich in our society are only tangentially connected to technology. There is no interpretation of the power structures in western society that could lead one to think that command of technology leads to power or influence.



I think stretchwithme meant to say "though they create more value"


No, I think people who work 80 hours a week making twice what someone who works 40 DOES bother some people.

And then there are people that worked for years to develop a capability and get paid for doing it for 20 minutes. Somehow that's supposed to be equal to 20 minutes of hamburger slinging.

People pay for value, not how long it took to produce it or whether it took years.

It is impossible for some authority to somehow do a better job of judging value than millions of people spending their own money on things they value. There many, many considerations and what others value is not ours to cast aside because we think particular deals don't make sense.

But that is the objective, to get government to somehow fix this "problem", as if all the interventions and subsidies and taxes towards that end don't even exist.


You're probably right. It's hard to pin down what's meant by value though. To an economist it's economic contribution, so it becomes a tautology to say people who make more money or build bigger companies create more value.

It gets more interesting when the definition of 'value' is less technical and more common: providing some benefit or capital-g-Good to society. But those discussions are not well conducted over the internet, or anywhere in fact where scotch whiskey is unavailable. And in any event, most people would probably agree THAT definition of value is also unconnected to wealth.




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