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**eropiereetuekm** · 04-04-2011, 02:46 PM

Your premise is stating that what one earns is their value to society. This could be questioned in many cases.

Is a Stock Broker worth a 100 garbage collectors... Is a person working 3 jobs and 80 hours a week not deserve from society basic healthcare or is there worth less than that?

Are you equating value to society with money earned. If you are can you see the flaws in your argument? Without rolling out the Paris Hiltons or Linsay Lohans can you see where you are rewarding being born lucky rather than effort...

That's not what I'm saying at all. The compensation I earn for my work isn't determined by society. It's determined by the people that I do work for. If they value my work more they pay me more.

Let's take that one step farther; the money I make is only partly determined by the compensation I get for working. I also make money based on decisions I have made regarding what I do with the money I earn. If I have extra money from compensation for my labor I tend to invest it. That is I provide that money to other people as capital so that they can try out some of their ideas on how to create value for other people. I expect a return on that money and, If I make good decisions on how viable their ideas are they can then afford to pay me a premium for the use of my money. Essentially, I can build personal wealth by helping other people explore their potential to make wealth for themselves.

04-04-2011, 02:46 PM	#30
eropiereetuekm Join Date Oct 2005 Posts 426 Senior Member	Your premise is stating that what one earns is their value to society. This could be questioned in many cases. Is a Stock Broker worth a 100 garbage collectors... Is a person working 3 jobs and 80 hours a week not deserve from society basic healthcare or is there worth less than that? Are you equating value to society with money earned. If you are can you see the flaws in your argument? Without rolling out the Paris Hiltons or Linsay Lohans can you see where you are rewarding being born lucky rather than effort... That's not what I'm saying at all. The compensation I earn for my work isn't determined by society. It's determined by the people that I do work for. If they value my work more they pay me more. Let's take that one step farther; the money I make is only partly determined by the compensation I get for working. I also make money based on decisions I have made regarding what I do with the money I earn. If I have extra money from compensation for my labor I tend to invest it. That is I provide that money to other people as capital so that they can try out some of their ideas on how to create value for other people. I expect a return on that money and, If I make good decisions on how viable their ideas are they can then afford to pay me a premium for the use of my money. Essentially, I can build personal wealth by helping other people explore their potential to make wealth for themselves.
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