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0 pointsSpicyLemonZest3mo ago0 comments

The causation is in the other direction. Innovative entrepreneurs cause wealth to become highly concentrated, and cause their companies to distort the societies they're embedded in, by the act of producing goods and services that a large number of people want to buy.

Bezos is actually a great example, because he made almost his entire US$250B fortune from unrealized stock appreciation rather than salary or new awards. Even the most extreme wealth tax proposals I've seen wouldn't get him down to US$25B. The US could only have achieved that target by restricting how much Amazon is allowed to innovate and grow.

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IrishTechie3mo ago

I disagree. They could for example make it mandatory to grant more stock options to employees so the wealth they are generating is more broadly spread beyond the founder/CEO. I’m sure there are plenty of other approaches that would still handsomely reward innovation and growth but prevent where we ended up today.

j / k navigate · click thread line to collapse

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IrishTechie3mo ago

j / k navigate · click thread line to collapse