Quote:
Quote by: Night  Making a "maximum wage" sounds outright communist to me. I think Mr. Gates deserves every dime. Gates has created an entire industry and made one of the most successful companies on the planet. He, and people in his category (Steve Jobs, Warren Buffet, and other billionaires etc) deserve financial compensation for their success. |
For entrepreneurs, inventors, and investors who are not the fortunate beneficiaries of wealthy families making the first million is really difficult. Making the second million not as tough. And so on. Each subsequent increase in fortune is easier and easier. You can be sure that today Jobs, Buffet, Gates, et al make billions with little risk and by applying little skill.
Sure, people deserve financial compensation for their achievements. The question is to what extent? And to what adverse affect on the rest of the world's people? Moreover, few of today's uber-wealthy attained their wealth by means of achievement. They are wealthy because of hereditary position as in Saudi Arabia or because of family.
How is that someone with a billion dollars deserves--let alone needs or could spend--a second billion or a tenth billion?