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Nov 08 2009

Can capital accumlation be justified by an individual’s “merit”?

Published by Maien at 6:18 am under Debate, General, Logical Fallacy Edit This

Though this might seem like it will encourage economic disparity, the truth is that society is better served by rewarding the efforts of talented individuals who truly further the the development of humanity. There is no stronger motivator to do better than reward (some people are sated with intangibles, like recognition and fame, but most need wealth).

Individuals who are gifted enough to rise above the rabble will eventually better the cause of those below them. Not maybe to the same level that they occupy, but at least to the extent that basic human necessities are no longer strived for.

All social development hinges on how much time a society has to devote to addressing its most basic needs. The more time this consumes, the less a society will be. The freedom to pursue more esoteric interests marks the boundary between the haves and the have nots, and those that strive to create wealth (invariably, on most occasions individuals striving to accumulate wealth will have to spread some of it around) offer exactly such opportunities to other who are less endowed by providing income generation opportunities which address basic needs.

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