Yes, I'm making a judgment on how much the top tier should be compensated. I find few good cases that the ultra wealthy earned what they have. Take Jack Welch. Supposedly, he is the super CEO. Well, his top income earning creation, which was a major factor in his compensation, was GE Capital. Of course, it imploded and required $140 billion of tax payers money to be bailed out. Unfortunately, the compensation he earned for "creating" this wealth doesn't get pulled back now that everyone realizes he didn't create as much wealth as they thought.
Your argument assumes the market is perfect (Chicago Business School) in allocating resources. It isn't, as is proven time and again. Is it our best tool? Yes, but we need to have regulations to correct for imbalances because the market is not perfect and it is not free or 100% open.
Your chicken example isn't what I said at all and it is far too simplistic. What if his innovative way requires airports, roads, and railroads paid for by taxes? What if his innovative way builds off scientific research done before him? Do the people who did the prior research deserve a cut? What if the bird flu comes through the area and hits him harder because he has more chickens? Based on recent events this person would expect government help to bail him out or at the very least government sponsored research to create a vaccine.
No one on here said the government should take 80% of their wealth. I didn't even mention taking it while they were alive. All the chicken example does is distract from the real conversation about the massive inequality.
The ultra-rich don't even pay the same percentage we do. See direct quotes from Buffett below:
"Mr Buffett, who is worth an estimated $52 billion (£26 billion), said: “The 400 of us [here] pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter."
"Mr Buffett said that he was taxed at 17.7 per cent on the $46 million he made last year, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30 per cent."