That still doesn’t match the current state of affairs in my opinion.
Just because effort is more does not inherently mean value generated from said effort is more.
Not to mention the huge jump in compensation for said “effort” by each level.
You say you don’t like people who just live off the interest their money collects, I can respect that ideology. I feel that people who are actively funneling more money away from the people doing the useful work are worse than those just living off interest.
In a perfect world we would all die broke, and be born with equal opportunity. This isn’t a perfect world.
Edit: thinking about this further. I also have to disagree about the “effort” a CEO puts in to be inherently more or less than any other position. Every job requires effort. I guarantee a server working a double is pouring a ton of effort into that job. For me that job would be a lot of effort, likely more than I ever have exerted in my work. It’s what makes me not want that position. Does that mean a server should inherently make more money than I do?
Same with my boss’ position. It would take a lot of effort from me, different than the server position would take, but still probably about the same effort in my opinion. Yet he gets easily 5x the pay a server gets (and more than I get)…