I can see it being reasonable to assume the ROI of hard work while in shackles to be insufficient. Well, at least hard work that does not involve getting violent against the shacklers.
For example, would slave women have done the hard work of having and raising slave children if they had the agency to not have them?
Would you work hard at doing something that doesn't scale if you know the federal government will simply reduce the purchasing power of your earnings to maintain asset owners' position in society?
Does it make sense to work hard if there is a high likelihood you will never own land, and hence will always have increasing portions of your winnings taken by a rent seeker? Seems like a bad trade.
For example, would slave women have done the hard work of having and raising slave children if they had the agency to not have them?
Would you work hard at doing something that doesn't scale if you know the federal government will simply reduce the purchasing power of your earnings to maintain asset owners' position in society?
Does it make sense to work hard if there is a high likelihood you will never own land, and hence will always have increasing portions of your winnings taken by a rent seeker? Seems like a bad trade.