Has anyone noticed that whenever progressive taxes are mentioned the moral right to that income is justified as being the amount produced but whenever low incomes are mentioned the value of each worker's production is considered irrelevant and instead the prevailing wage determined by the labor market justifies it?
This creates a frame where the rich are irreplaceable while those that aren't are simply commodities. But is there any good reason why we should look at things this way? The wage of those that aren't rich is considered just because it is where the wage demand of the marginal laborer lies. But why should this be any different for a CEO? Why is it just to pay him based on production rather than the marginal wage for the nearest equivalent individual to replace that CEO? Is there any truly good reason to believe the CEO is truly worth what they are paid relative to the next equivalent individual or do we simply have a cultural bias that causes us to look at employee's differently based on status. Elite workers get paid on production, whatever their value relative to the marginal individual that could replace them, the rest accept a wage determined by the market.