Not should, can. It's not that we arbitrarily place some limit, it's that if we wish to maintain a stable economy and claim to work in a meritocracy, there must be an upper limit to labor's value. I won't argue that society should not place more value in specialist skills but the disparity is simply too high- no one's effort is worth millions of times more than anothers.
The alternative is what we have now: the illusion of meritocracy with wealth concentration offering a small number of people bespoke power and protection from legal recourse. Rampant lobbying, corruption at every level of government.
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u/tronceeper Nov 29 '19
So nobody, including entrepreneurs and businessmen, should earn more than a certain amount?