Yes, there's a lot that we might be happier without in Japanese culture - but the point stands that pay is fairly clearly largely a cultural thing, not a pure economic thing. That is, it's allocated through the game of economics, but the parameters of that game are cultural as much as they're numerical.
And I'd like to see a culture of saying 'fuck you' to people who won't do their jobs unless they're paid hundreds of times - (or even just dozens) as much as other people. I think the knock-on effects on society of having some people being that rich are deeply negative, and even if we're not agreeing to tax them for 90% of their income or whatever, I don't think it's right at all to say 'their money, their business'... and that starts to seem like a no-brainer when the state ends up bailing out companies at least partly because they have been funnelling so much of their income into the hands of a few individuals.
I do, actually, agree with bits of this. I do wonder if we only get some people making that much money in certain industries, and that most of those industries are bad things to have so much of
I suspect that we'd need much more controls over a larger area to make it work - and it would have more of an impact than people would like.
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And I'd like to see a culture of saying 'fuck you' to people who won't do their jobs unless they're paid hundreds of times - (or even just dozens) as much as other people. I think the knock-on effects on society of having some people being that rich are deeply negative, and even if we're not agreeing to tax them for 90% of their income or whatever, I don't think it's right at all to say 'their money, their business'... and that starts to seem like a no-brainer when the state ends up bailing out companies at least partly because they have been funnelling so much of their income into the hands of a few individuals.
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I suspect that we'd need much more controls over a larger area to make it work - and it would have more of an impact than people would like.