WHILE IT IS TRUE THAT SOME HAVE A LOT OF MONEY, SOME HAVE SOME MONEY AND OTHERS HAVE LITTLE OR NO MONEY, WHAT COULD OR SHOULD BE DONE ABOUT IT?
For some, the solution lies in taking money from those who have a lot and giving it to those who don't have money. They believe there is a fixed amount of money which should be shared by all. Others believe that the solution lies in teaching and helping those who have no money to earn money. They believe there are no limits on the wealth which can be produced and that everyone should keep what they earn.
If we accept the view of the "fixed wealth" notion and apply it to sports figures, the superstars who are paid double digit millions per year, because they contribute most to a team's success and income, should share their income with those players who are less talented and earn substantially less. Good luck with that! Those who contribute most to the earning power of the team deserve more pay.
On the other hand, those who believe in the expansion of wealth would have this scenario. The lowest paid team player improves his ability to superstar status and because the team can't afford another superstar salary, he is hired by a team that needs a superstar, at superstar salary. Wealth has been expanded.
And so the capitalistic principle succeeds. Do something better than someone else can and you will earn more money than they can.
For some, the solution lies in taking money from those who have a lot and giving it to those who don't have money. They believe there is a fixed amount of money which should be shared by all. Others believe that the solution lies in teaching and helping those who have no money to earn money. They believe there are no limits on the wealth which can be produced and that everyone should keep what they earn.
If we accept the view of the "fixed wealth" notion and apply it to sports figures, the superstars who are paid double digit millions per year, because they contribute most to a team's success and income, should share their income with those players who are less talented and earn substantially less. Good luck with that! Those who contribute most to the earning power of the team deserve more pay.
On the other hand, those who believe in the expansion of wealth would have this scenario. The lowest paid team player improves his ability to superstar status and because the team can't afford another superstar salary, he is hired by a team that needs a superstar, at superstar salary. Wealth has been expanded.
And so the capitalistic principle succeeds. Do something better than someone else can and you will earn more money than they can.
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