To: mrs9x
You ask why risk taking should be rewarded? Because risk taking results in products beneficial to everyone. . . . Without an inducement to take risks, there would be none of these products.How many billions do we pay cops, firemen, and servicemen for the far greater risks they take?
To: Age of Reason
Those risks, while there, are not going to lead to some new discovery or invention. In addition, there is a larger supply of people willing and ABLE to do fire work and police work than to run large corporations - all you have to look at is the fact that most fire departments are volunteer, and yet they usually have enough people to do it. For cops, there does not appear to be a shortage at the wages offered, so they are probably placed right in the market.
For CEOs and so forth, there is a lot of training involved. You have to either have an MBA or have a JD degree, and you have to have lots of experience and good business judgment. Risks that benefit everyone - such as producing new products or creating new inventions, benefit everyone, unlike putting out a fire which does not create anything new and really only helps those immediately affected.
Nice try though with the firefighter analogy. I just fail to see why you are so bitter against the capitalist market. There is nothing rigged here. You make it sound like some sort of conspiracy. Go out, get educated, and maybe you too can tap into the wealth.
26 posted on
11/17/2002 2:13:39 PM PST by
mrs9x
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