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Originally Posted by MuadDib
I'll tell you very simply I do believe in a safety net, but outside of that people deserve to keep what they earn. I don't know that I would go so far as to say that a completely free market should determine the value of ones contribution, after all we are talking about a market that must, logically, then value a fourth string receiver for the Miami Dolphins more than bank tellers and teachers. However, if we are talking about a market that will tolerate some measured regulation then it can be trusted to reward participation correctly.
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In your example: There are about 1,696 active NFL players. Less than 5% of all graduating college division I football players get drafted by the NFL, and only about 250 of those make a team each year. And it is only about 3% of all high school football players play division I football. Of those who make it to the NFL we are truly talking about the ultimate cream of the crop, and it is either make it and make millions or nothing.
On the other hand there are about 6 million teachers in the US.
http://www.census.gov/Press-Release/...ns/001737.html
There is about 1.8 million bank employees in the USA.
http://www.bls.gov/oco/cg/cgs027.htm
I appreciate the issue, but given the NFL monopoly and the craze this country is in over football, I think the market is telling us what we truly value.