Making Sense with Sam Harris - Subscriber Content cover image

#323 - Science & Survival

Making Sense with Sam Harris - Subscriber Content

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The Race to the Bottom Effect

The wealth that goes to CEOs is about 300 times the average wage of their employees. I think one gains more than one loses by constraining the extremes of wealth, he says. The mechanism you're imagining here is taxation, not just an arbitrary limit on the possibility of growing fantastically wealthy. That requires massive redistribution and probably an increase in public sector expenditure as a fraction of GNP.

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