We live in a world where some people earn €18,000 a year and others earn €180,000 a year.
This is an undesirable situation.
...
Why is it undesirable that a medical consultant after 10 years' training and 10 further years' experience should be paid 10 times more than someone who is collecting glasses in a pub?
I would have thought it was very desirable.
The solution lies not in fiddling with the tax system, but in developing an economy where there is more opportunity for well paid work.
It may be possible to increase the amount of well paid work, but there will always be a demand for unskilled, low paid work.
Brendan
Perhaps the best response to your point is to say that there must be something wrong with our education system, if a fully grown adult has no more skills to contribute to society than collecting glasses.
I for one would like to live in a society with more economic equality than that. Which is not to say that someone with greater responsibility should not be paid more than someone with less. I would like to see a free market set wage rates, I suspect that a lot of our higher paid professionals would find that uncomfortable. At present wages in the medical sector are set by government policy, restricted training places, and anti-competitive practices rather than a free market. Other high earners, in the legal profession are even further removed from the market.
We have a situation where some sectors, although it has to be admitted less that previously, think pharmacies, airlines and taxis, capture rewards beyond what a free market would pay them.
Fiddling with taxes is not the solution to this unfairness. Abolishing restrictive practices would be a better approach.
This is an undesirable situation.
...
Why is it undesirable that a medical consultant after 10 years' training and 10 further years' experience should be paid 10 times more than someone who is collecting glasses in a pub?
I would have thought it was very desirable.
The solution lies not in fiddling with the tax system, but in developing an economy where there is more opportunity for well paid work.
It may be possible to increase the amount of well paid work, but there will always be a demand for unskilled, low paid work.
Brendan
Perhaps the best response to your point is to say that there must be something wrong with our education system, if a fully grown adult has no more skills to contribute to society than collecting glasses.
I for one would like to live in a society with more economic equality than that. Which is not to say that someone with greater responsibility should not be paid more than someone with less. I would like to see a free market set wage rates, I suspect that a lot of our higher paid professionals would find that uncomfortable. At present wages in the medical sector are set by government policy, restricted training places, and anti-competitive practices rather than a free market. Other high earners, in the legal profession are even further removed from the market.
We have a situation where some sectors, although it has to be admitted less that previously, think pharmacies, airlines and taxis, capture rewards beyond what a free market would pay them.
Fiddling with taxes is not the solution to this unfairness. Abolishing restrictive practices would be a better approach.
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