Why don’t we have a maximum wage? Asking that question is another way of asking why some people can rake in millions while others struggle to earn enough
Without discussing validity of the argument, which is pointless anyway, billionaires are in many ways similar to autocrats: they have a ton of unchecked, unelected power, near zero incentives to put this power to benefit everyone except for goodness of heart (but even then they are tied by laws obligating them to give profits to public companies), and every incentive to benefit themselves.
Without discussing validity of the argument, which is pointless anyway, billionaires are in many ways similar to autocrats: they have a ton of unchecked, unelected power, near zero incentives to put this power to benefit everyone except for goodness of heart (but even then they are tied by laws obligating them to give profits to public companies), and every incentive to benefit themselves.