I see where you're going with the scientists & engineers point but not all scientists work in the public sector some work for private sector organisations. Some output from scientific research has direct commercial applicability over the life of a patent.
One of my dad's patents was probably worth over its lifetime a couple of dozen million dollars. Dad's salary paid his mortgage for a year and he bought a car.
People are free (ish) to pick the mix of risks and rewards they want.
I think any system that involves a personal pay cap leaves cash on the table to be appropriated by others. Football fans seem very keen to watch some people play football. I think if you capped footballers salaries at a per capita level you either give footballs fans something for cheaper than they are prepared to pay for it or more likely gives more money to Sky.
I think it's a general objection to the idea of "special pleading" that "my profession/job/career is extra important". Lots of very wealthy rock stars or sportsmen wail about high taxes because they say that they only earn for a very short portion of their lives. It never seems to occur to them that, perhaps, the solution to earning only for a short proportion of their lives might be to do something else to earn. They seem quite happy with the proposition that they should only work for a small proportion of their lives. Nice for them I suppose.
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andrewducker) wrote2012-02-09 01:22 pm
no subject
One of my dad's patents was probably worth over its lifetime a couple of dozen million dollars. Dad's salary paid his mortgage for a year and he bought a car.
People are free (ish) to pick the mix of risks and rewards they want.
I think any system that involves a personal pay cap leaves cash on the table to be appropriated by others. Football fans seem very keen to watch some people play football. I think if you capped footballers salaries at a per capita level you either give footballs fans something for cheaper than they are prepared to pay for it or more likely gives more money to Sky.
Is this an IP issue for you more generally?
no subject
http://www.spartacus.schoolnet.co.uk/Fwages.htm
Is this an IP issue for you more generally?
I think it's a general objection to the idea of "special pleading" that "my profession/job/career is extra important". Lots of very wealthy rock stars or sportsmen wail about high taxes because they say that they only earn for a very short portion of their lives. It never seems to occur to them that, perhaps, the solution to earning only for a short proportion of their lives might be to do something else to earn. They seem quite happy with the proposition that they should only work for a small proportion of their lives. Nice for them I suppose.