Unfortunately this is what you get at the pinnacle of capitalist society.
Jeff Bezos (not amazon) earns about $5,000,000 (5 million) per hour. The average middle class person would have to work every day for a 1000 years to
earn what Bezos earns in a day.
The fact is, in the current version of capitalism, you don't create wealth by working. You create wealth from other people's work.
The most unfortunate thing is, that innovation and technological discovery is linked to large collectives of wealth. Society generates the need for
Googles, Apples, Amazons, Microsofts, etc. when the need for progress is coupled with economics rather than quality of life. In other words, the
inherent unbalance of wealth in a capitalist system leads to the development of things like computers and mobile phones, not because it's a good idea,
but because it is a valuable idea.
The alternative is socialism (the versions we have mostly seen anyway), that doesn't work for many other reasons. If the wealth is evenly distributed,
there is no opportunity for competition and progress (you never get your iPhone).
Given that we need (want?) progress, the question becomes, is it "just" for Bezos to be earning twice from people's efforts?
He earns once from the employees of his business (unequal equity distribution in a business... as is his right as owner), he earns twice form the
effort of others who purchase his products (the income of which is also unequally distributed (is this a third stream?) within his business... which
is also his right). Is that technically earning thrice?
This seems fine for small business, but does there come a critical point where the "importance" of a product or service to society grows so much, that
a single person/organization represents a significant chunk of a countries wealth just by owning the business.
Is there an argument for when a person/organization reaches a certain percentage of GDP, that at least one of the revenue streams leading to an
individual/organisation has to be socialized at a company or country level to avoid monopolisations?
edit on 28-5-2020 by puzzlesphere because:
(no reason given)