One that I have encountered recently is my view that the excessive wealth of many business executives is a very bad thing. It isn¡¯t fair many of us say. Why should one person get such a huge piece of the pie?
Now, let¡¯s attach a filter of reason to this view. First, what does that person do with the large portion of his apparently underserved wealth? No doubt he buys a great amount of ridiculously expensive toys and baubles. But, for the greater part he probably spends only a small fraction of his wealth. What happens to his remaining wealth? It more that likely is managed by some investment company for even more wealth. I might inject that this may not be such a bad thing except that if it is contrived to avoid tax the profit become egregious to all of left out. If we can assume that it is invested for other business that give capital for new businesses or industry, maybe it isn¡¯t such a bad thing. It is just money going around. Another consideration is that if that huge excess bonus is divided up amongst all of us more deserving creatures, none of us would get enough to afford more that a dinner out. As for our undeserving executive, there is quite a bit of evidence that preposterous remuneration does not make his life particularly happy.
It would be great to have feedback about this. I welcome your comments and criticisms.