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Does Taylor Swift Deserve Her Billion Dollar Fortune?
Open to Debate
Human Nature and Incentives in Wealth Accumulation
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The issue of incentives in wealth accumulation is not solely driven by material gain. People have intrinsic motivation and often engage in activities for causes or societal good. The mainstream view in economics that people are solely incentivized by material gains is inaccurate. Limits to wealth accumulation should be defended to find an equilibrium that minimizes harm from wealth concentration while still allowing for incentives. Some individuals, even with high incomes, state that they would work the same even with less earnings. The argument that high rewards are needed to motivate individuals to take risks for societal benefits is sometimes misused by those solely seeking personal gain.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode