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Small-Scale Question Sunday for June 7, 2026

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

This is your opportunity to ask questions. No question too simple or too silly.

Culture war topics are accepted, and proposals for a better intro post are appreciated.

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I was talking to a Progressive friend on Friday and the left's favorite topic came up: Billionaires. Or more specifically how it is impossible to be an ethical billionaire. Obviously there are loads of moral axioms loaded into that statement and several different framings that can be used to identify that. I'm curious if you take the idea outside the obvious marxist definitional stance, and look at how the billionaires got their money. Can you have a billionaire who ethically got their money? If we grant things like selling merch made in third world sweatshops a la TSwift or not paying employees the fair "value" of there labor as unethical. Anyone have some ideas. I said Gabe Newell, owner of Steam and did not get a convincing counter-argument for that, even in a marxist theory frame. I wonder if there are others?

not paying employees the fair "value" of there labor

You misunderstand. The fact that they are billionaires and their employees are not is proof, in these peoples' views, that the employees are not paid fairly. It's a tautology, or close to it.

I think that’s not quite right. The intuition is that if the billionaire couldn’t be a billionaire without (broadly) your labour, then you should be recognised as a small but vital part of the whole operation and you deserve more than the bare minimum it would take to replace you with the next available economic unit.

It’s the transition from absolute value (the value of your work to the enterprise) to marginal value (the value of your work relative to the next best candidate) that people find confusing and upsetting.

Striking is a power play but it’s also a way of saying, “see? Your company literally can’t function without the work I do, so it’s bullshit that you make billions from it and I make $5 an hour”.

you deserve more than the bare minimum it would take to replace you with the next available economic unit.

Sure, but how much more? To simplify, it's enough more that the billionaire is no longer a billionaire. Alternatively, the argument might be that the billionaire should have been taxed until he's no longer a billionaire (I've seen this put as "every billionaire is a policy failure").

I suspect in practice most people in private would agree to a hierarchy in which, say, in a software company the janitors are important but less important than the eggheads, who are important but less important than the CEO. In the privacy of their own heads, I think a lot of low-level workers envisage a hierarchy where the janitors earn X, the eggheads earn 2X, and the CEO earns 3X.

We're basically talking about the same thing. A company in which the CEO earns 3x more than the janitor means that the CEO isn't a billionaire or the janitor is at least a centimillionaire (simplifying a little bit) which is plainly impossible.

In practice, yes, but I’m saying I think that you’ve got the causation wrong. People think that if they’re working a small but necessary job in a company where the CEO gets 1e9 then they should be getting at least 1e8. They don’t object to the leader of a big company being rich, they object to someone being paid 10000x the menial staff who actually make the place run.

Especially since, let’s be honest, terrible CEOs are common and cost basically as much as the regular kind. My founder is a very business oriented guy who made his money as a director in a world famous startup, and even he vents about some of the CEOs he’s dealt with who couldn’t find their arse with both hands.