I think there's a difference in interpretation here that plays an important role. To put it simply, when you make $25k/yr, you care a lot about your CEO making $200m/yr, but if you are making $250k/yr I don't think anyone gives a shit.
The parent specified a critical qualifier that I think supports this interpretation and many may be missing. Let's make sure we're speaking the same language before we start fighting.
>> Being productive is really hard when any value produced immediately and __ONLY__ goes towards lining the pockets of the wealthy.
The use of "only" differentiates this from "a job." It implies that they feel not just undervalued, but excessively so. It is the feeling of doing all or most of the work in a group project and only to have someone else take all or the majority of the credit. I believe most of us have been in that situation at some point. I would be shocked to find that a single person that was in that situation wasn't resentful of that person. Either you're lying (to us or to yourself) or you're the chillest person on the fucking planet.
I don't think anyone cares how big CEO compensation is when they're living a comfortable life themselves. The relationship between utility and monetary value does not increase linearly for essentially all metrics of utility. Most follow an S-like curve. When you don't have a lot, every fucking dollar matters and you'll be resentful of anyone stealing any credit from you (scarcity mindset) because the loss is very meaningful. When you're comfortable, then money is substantially less important to you and you probably won't care as much if credit is taken from you because the loss isn't as meaningful. It is actually quite difficult to spend a million dollars a year continuously (or some other Brewster's Millions like situation). You can even see this change in places like HN. When everyone was being let go comments about Pichai's bonuses and Google's stock prices increased. But go back 5 years when there was a bigger boom and all the free stuff and incentives were being given, no one really cared.
In this respect I think people focus on the wrong parts of economic inequality. Rather than focusing on the ceiling, focus on the floor. The floor is not the dual of the ceiling because these are not zero sum games (they are for instantaneous or local times, but not in general).
The parent specified a critical qualifier that I think supports this interpretation and many may be missing. Let's make sure we're speaking the same language before we start fighting.
>> Being productive is really hard when any value produced immediately and __ONLY__ goes towards lining the pockets of the wealthy.
The use of "only" differentiates this from "a job." It implies that they feel not just undervalued, but excessively so. It is the feeling of doing all or most of the work in a group project and only to have someone else take all or the majority of the credit. I believe most of us have been in that situation at some point. I would be shocked to find that a single person that was in that situation wasn't resentful of that person. Either you're lying (to us or to yourself) or you're the chillest person on the fucking planet.
I don't think anyone cares how big CEO compensation is when they're living a comfortable life themselves. The relationship between utility and monetary value does not increase linearly for essentially all metrics of utility. Most follow an S-like curve. When you don't have a lot, every fucking dollar matters and you'll be resentful of anyone stealing any credit from you (scarcity mindset) because the loss is very meaningful. When you're comfortable, then money is substantially less important to you and you probably won't care as much if credit is taken from you because the loss isn't as meaningful. It is actually quite difficult to spend a million dollars a year continuously (or some other Brewster's Millions like situation). You can even see this change in places like HN. When everyone was being let go comments about Pichai's bonuses and Google's stock prices increased. But go back 5 years when there was a bigger boom and all the free stuff and incentives were being given, no one really cared.
In this respect I think people focus on the wrong parts of economic inequality. Rather than focusing on the ceiling, focus on the floor. The floor is not the dual of the ceiling because these are not zero sum games (they are for instantaneous or local times, but not in general).
Courseofaction, correct me if I'm wrong.