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Instead of denying that pay motivates people to earn their success—a concession that undermines the case for income redistribution—many advocates of redistribution deny that success is earned. If income is unearned, then we can redistribute it without slowing growth or reducing middle- and working-class incomes, even if incentives motivate effort, risk-taking, investment, and innovation. If pay is unearned, it’s fair to take it away.
Pay may be unearned for a variety of reasons. The price of talent—the wages of the successful—may rise for no other reason than talent is in short supply and cannot expand to meet the growing demand for it. In that case, a shortage merely redistributes pay from the rest of the economy to talent without talent doing anything more to earn its increased pay. If talent has done nothing to earn their increased pay, then taking away the increase will similarly have no effect on their behaviors.
So far they have not taken my idea do to trade secret agreements. But how long will that last.
originally posted by: intrptr
A measure of ones worth is not determined by how much money and stuff they have.
Rather, how we behave towards others.
When you allow small numbers of people to stash away billions of dollars in trust funds and suchlike it means that there is less liquid money out there in the economy for everyone to chase. At some point, people realise that carrot is getting smaller and further away and they give up reaching for it.
originally posted by: intrptr
A measure of ones worth is not determined by how much money and stuff they have.
Rather, how we behave towards others.
The Myth That Success Is Unearned