Imagine that there are 100 doctors working for a town of 10 000 people (these numbers are hypothetical). Now imagine that there are 500 very rich people.
Now in a free market these 500 people with their paying power could have 50 doctors working for them, because well the wife needs her boobs done, grandpa wants more hair and the wife isn't particularly happy with her nose. So the other 9,500 people could have only the other 50 doctors working for them which would bring about serious health issues, crowded doctor's office etc.
This is why some regulatory organ has to step in and say "hey you know the wife and grandpa can wait a couple of months for their operation, we should make 30 of their doctors work on really important life saving stuff instead of boob jobs". And I believe this is good, because the rich 500 will still have a better standard than the rest of the folks but there will also be a rise of a standard for the rest of the people.
So in a way yes the rich will lose some of their money/comfort simply because they are rich, and you can ask yourself why this is fair, they all worked hard for their money and they deserve every penny of it.
Well the world has finite resources, so if you spend lots of resources someone on the other end of the table won't have those resources available. And as we know often much of these resources are spent on things that are pure luxury and are far away from necessary, so in a way those people took someone's food of the table, or somebody's house, simply by affording some luxury that isn't even necessary or important for that person but is more profitable for companies to produce. That's why they have to give something back because market allocates resources where there is most profit instead of where they are most useful for the society as a whole in the long run.
|