Not everyone can live in the best location, not everyone can drive the best car, not everyone can attend the best concert. There is no other way when many people want something that is in limited supply - someone will be left out.
Wealth is a proxy for the amount of services provided to others earlier, so why giving tickets in exchange for that is less fair than giving tickets to the one who clicked first?
> Now, why is that a bad thing?
> Wealth is a proxy for the amount of services provided to others earlier
It's a bad thing because wealth is a poor measure of the amount of services provided to others. And because while someone will always be left out, it's much better if it's not the same people always getting left out. Being able to click first is more accessible to more people, although I'd argue it isn't great either, and some kind of random lottery system might be better.
Maybe we can convince Sotheby's to do a click first auction. I'd like to own a Monet someday, and I feel I'm always getting left out at traditional art auctions.
Quite a poor proxy then if he gets credit for all the good works his dad's done - enough that you could work every hour for the rest of your life and never even come close to him.
Why is it a poor proxy though? His father provided those services and passed some of the resulting wealth to his son. The quality of the proxy doesn't change depending on who's spending. Whatever the son spends, the father can't spend anymore.
Note that one of the strong drivers making people take risks, work shitty jobs, and otherwise do things that others don't want to do is exactly this -- providing for their families.
What could this mean: "Wealth is a proxy for the amount of services provided to others earlier" if not a proxy for the amount of services provided to others earlier... by the holder of the wealth?
If I can be wealthy without providing others services, then my wealth is certainly a poor proxy for how many services I have provided.
Not everyone can live in the best location, not everyone can drive the best car, not everyone can attend the best concert. There is no other way when many people want something that is in limited supply - someone will be left out.
Wealth is a proxy for the amount of services provided to others earlier, so why giving tickets in exchange for that is less fair than giving tickets to the one who clicked first?