> When Professor Cost left his job at Wachtell, Lipton, he took what I estimate to be an 85% pay cut. What would motivate a man to do such a thing? From a government accountant’s point of view, Professor Cost has made a terrible mistake. Whereas before he had earned, say, $2,000,000 in income annually, now he was earning only $300,000 annually. Such irrationality! In a socially just world he would be punished for costing the government $700,000 in tax revenues per year.

What nonsense. The writer assumes that the final goal of the goverment is to increase revenue. That is how corporations work, not governments. The goal of government is to represent its citizens to try to achieve the society that citizens want. The goal is to maximize well-being (whatever is each person definition), not cash.

From there on, everything falls into this kind of missing the point arguments.