There are many things that motivate people, money being one of them. I never said it wasn't a motivation. But a 2 dollars an hour raise could motivate a lot of people and an extra million for some CEO makes a marginal if any difference. There's no logical line you can trace from "money motivates people to do hard things" straight to "therefore all the money should be in the hands of a tiny number of people". That doesn't logically follow. There has to be balance. You have to look at what brings the maximum benefit to the most people. My point is that currently the people in power
don't care whether things are out of balance, so long as they are the ones who benefit. If we have to make sacrifices to safe the world, cutting pay for the top 1% will not affect their motivation to work by very much. They're still going to be making more than the rest of us.
Look: if you’re the ceo of a corporation you can basically set your own paycheck. To suggest that these guys are diligently going over data, studying the best pay structure to attract talent, and so forth is totally naive. For one thing, none of these guys are very good at math. At the end of the day, trying to set your pay structure to grow the company is really hard. Cutting everyone’s pay to give yourself a raise is really easy. These are people whose parents paid for them to get into Harvard, they played golf with the right people to get into upper management they’ve always thought of themselves as above and separate from the common people who they hold in utter contempt- you’re not going to see very ethical behavior from someone like that. No tears will be shed for them if we have to bring a little balance back to society in order to save it.