Earlier quoted context omitted.
Add to that that tech companies concentrate wealth line never before. Airbnb takes a cut of transactions not only around the US but across the world. Not everyone works in the Bay Area, but how many of the founders, early employees, and VCs do? The ones who really make massive wealth? Not 100%, but most. Same with Stripe, the same with Facebook, Google, etc. we’re pulling tremendous wealth into a small area, with tec…
undoubtedly, i think theres a sweet spot for letting people gain rewards from their own hard work/talent/value creation, but i think as a society we are moving into the dangerous territory where that balance is totally skewed in one direction.
Secondly, a gain from one's own rewards is supposed to be in one direction. A person is entitled to the fruits of his labor. Not anyone else. There are only a few people at the top of any profession or activity. But this fact seems to be ignored for some "utopian" dream where the guilt or coercion of the successful compels, via self-abnegation, some "compensation" to the masses for the latter's lack of success. That the best are merely cogs to keep churning to the rhythms and dictates of his fellow man and of his government. That the best see no value in their own work or selves without others as their chief barometer.
However, I don't see it argued that Usain Bolt should slow down so that he doesn't ruin the Olympic Sprint for the rest of his competitors. I don't see it argued that intelligent students should stop going to Harvard/Stanford/{take your pick} because such academic success makes everyone else look mediocre by comparison. Why should it be any different in Silicon Valley? Why should one accept inefficiency or inadequacy? It benefits no one to either become or accept a prize that is lesser in value than the sum of one's actions. Except perhaps for martyrs and masochists.