Instead of bowing to the inevitability of the low forms of wit, let me argue the point by talking about the Paradox of Value. In the homework for intermediate micro, they are asked about why teachers are paid so much less than basketball players. The "common sense" conclusion is that our society's values are messed up: we value entertainment more than education.
9a: Our marginal willingness to pay foe a teacher is $50,000 and our MWtP for a basketball star is 400 times as much ($20 mil).
b. There are about 4 million teachers that work in primary and secondary schools in the United States. What is the smallest dollar figure that could represent our total willingness to pay for teachers?
B: If we value each teacher at the same amount ($50k), then our total WtP is 4million*50,000 = $200BILLION.
c. Do you think our actual total willingness to pay for teachers is likely to be much greater than that minimum figure? Why or why not?
C: Our actual total WtP is likely much higher. The value of the first few teachers is probably much higher than the value of the teacher we're only barely willing to hire.
D: Our least WtP is 10*400mil = 4billion, a small fraction of the WtP for teachers.
E: Probably not. How much more are we willing to pay for the best basketball player as opposed to the 10th best?
f. Do the facts cited at the beginning of this question really warrant the conclusion that we place more value on our entertainment than on the future of our children?
F: This suggests we actually place a much greater value on education than entertainment. It’s just about the value of the marginal teacher and the marginal star basketball player.