FT: Bonus points

At last the reality of high pay is spelled out.
"Characteristic of such sectors is economic “rent” that springs from legally-sanctioned market power.
Rent corrodes the market’s fairness and efficiency by rewarding those lucky or powerful enough to capture it, not those whose effort, initiative or talent benefit society. To make markets work, which the FT believes is the right aim for economic policy, the state may, and sometimes must, tax high-rent activities aggressively."