It doesn’t matter. One person can’t put forth 48k lifetimes worth of effort, and they don’t deserve that much in return.
I promise the dude hasn’t worked harder than the combined efforts of 48 thousand people.
We can reward talent, and we can reward effort. But no combination of those two is as ridiculous as our reward structure. Our reward structure is flawed because people with money make the rules, and their primary rule is that people with money should have more money.
What you are saying is true, but there is not a better option for how the economy works that doesnt end really bad. I dont like bill gates, but the idea that he cant have what he has doesnt end well.
It turns out we can have the tax rates of the 1950s and 1960s without the segregation.
The federal tax receipts/gdp were pretty much the same as they are right now in the 50s and 60s. Just because the tax rate was high doesnt mean people pay that much.
