And who decides that? Maybe that MD shouldn't make an extra $50K.One could argue that if someone is making $20 million a year, do they really need $23 million a year?
I suspect the guy that makes $23M gives more to charity and sits on more nonprofit boards than the guy that makes $80K, or even $200K. It is a pointless discussion in this country, well, hopefully.
I should think that I could live within a $2M dollar income and you would consider it a lifestyle in excess. Many middle class Americans have a vacation home of some sort. Who needs two homes? Isn't that in excess? There is a big differance between piling up debt and afforded luxury. Doesn't make any difference how much you make. And luxury both employs and motivates a workforce.People on this thread are all about telling low income people to live within their means, but no one has a problem with millionaire/billionaire living in excess.