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RE: Obscenely Wealthy
That really depends on your theory of value. A lot of people make a lot of money without really adding much to society--at least, not adding any more than many other people who are not paid nearly as much.
No, it doesn't. The whole point is that money "normalizes" values. It shifts from "what I want", and "what you want", and "what he wants" into "what we want".
When you say that someone who's paid a lot doesn't "add much to society", you're saying that you don't value their contribution - but clearly somebody values it enough to pay them. Moreover, that somebody themselves has enough money (has generated sufficient value) to do so.
I don't believe money always (or even often) flows to those who produce the most desired products. If it did, janitors, sewer workers, and garbage men would make a lot more than corporate executives or politicians.
It's not your, individual, desires that are relevant. Your desires aren't those of society as a whole.
Janitors, sewer workers, and so on, don't produce more value than corporate executives or politicians. That's just ridiculous. Anyone can do what janitors do. Very few can run a successful company. Scarce things are more valuable because they're scarce. People with strong leadership skills are far more scarce than people with janitorial skills.
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RE: Obscenely Wealthy
The money flows towards those who produce that which is valued most by everyone else. It accumulates at the points that represent the most powerful generators of value.
That really depends on your theory of value. A lot of people make a lot of money without really adding much to society--at least, not adding any more than many other people who are not paid nearly as much.
Whether or not wealth is bad also depends on how it is defined. If you mean general or overall wealth, then it is not a bad thing. But, if you are talking about one individual being wealthy relative to others who are poor by comparison, then you have an unfair (sinful) situation. Now, if you believe wealth always follows real value, then maybe it is not unfair, but I don't believe money always (or even often) flows to those who produce the most desired products. If it did, janitors, sewer workers, and garbage men would make a lot more than corporate executives or politicians.
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