My dad always says "but then what motivation will they have to make money and innovate." To which I respond, "they'll still be millionaires and far richer than either of us will ever be."
Why is everyone concerned with making humans work? We already have technology to where one human's work can feed, clothe, and house a hundred more, right? So, pay the one human twice as much, as an incentive, and then give a free ride to ninety-nine more. We don't need everyone to be at work all their life.
Because boomers want younger people to suffer like they did. Up until them, every generation had it better than their parents, but boomers are just so fucking selfish that they couldn't stand to see their children do better than them.
"I had to work to get where I am, so you have to work too."
My aunt likes to talk about how she only made 4 dollars an hour making boat seats, so why are people unhappy with 7 something now. She was making good money for the time 40 years ago, but nothing matters to her anyways.
I'd adjust that ratio, but still generally agree with you. The other day me and my coworkers made the packaging for 5 million dum dum suckers. Took us maybe 2 hours.
Our economy isn't based on providing goods or services, it's based on the theft of economic output. Without workers providing goods and services for stockholders to steal economic value from, everything about our system collapses.
Making money and innovation, in our society, are anathema to each other. Innovation has stagnated in favor of cutting costs and cheaping out on everything to increase margins.
Yeah but they will be millionaires either way. If there is a threashold after which you dont get payed (much) for your innovations, then that will be the cap.
Another answer is that if the wealthy pay more into the system and that money is put into universal health care and a more robust social safety net then other, non-billionaires, would have the motivation to innovate and build businesses. Why the fuck is it only the wealthy that we need to motivate to make money and innovate?