Here’s a story about what I call “Wrong Thinking.”
Way back in high school when I was playing baseball, a pitcher named Catfish Hunter became the first baseball player to get paid over a million dollars a year. I thought that was crazy, in a bad way. One day I talked to my dad about it, and asked him why people like farmers and engineers who did more important work didn’t get paid like that.
He didn’t have a great answer at the time, and that thought kept on bothering me. These days I think a correct answer he could have given me goes like this: “Baseball is in the entertainment business, just like singers and actors. For whatever reason, some sort of supply and demand, society is willing to pay those people a lot of money. So if the money bothers you, what you can do is make that money just like Catfish Hunter, and then give it away however you see fit.”