People Who Make More Than 500K per Year Are Dispensable Parasites
Have you ever noticed something?
Everyone who currently makes more than 500K/ year is a rent seeking parasite who can be eliminated without any detriment to society?
Close to every single person who makes more than 10 times median income in every single population in human history made that much money through monopoly and rent-seeking rather than actual work, innovation or sheer luck.
Some of you might say- what about some doctors, athletes. lawyers or small time businessmen? My answer is- there are people with the same level of competence who can work for less. Moreover many professions such as lawyers, highly paid managers and corrupt small-time businessmen are a net drain on society.
Populations with total income inequalities of 20 times or median to top inequalities of 10 times are not stable because they allow for runaway rent seeking behavior and malinvestment which cripple a society’s ability to adapt to changing circumstances.. never mind create a lot of bad faith/ loss of social cohesion.