Why is the cutoff $200 million a year? Can a company make $50 million a year without cheating? How do they know?
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Politicians who say that no one can become a billionaire without cheating are effectively saying that no company can make $200 million a year in profit without cheating. (A startup making $200m might be worth around $7b, and a founder might own 15% = $1b.)
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Yes, and this is correct. There is no society which should permit this.
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Do you think Jeff bezos / Larry page / Sergey brin cheated to become billionaires (when they first crossed $1B)? No. They created insane value for society. Arguably much more so than any single politician.
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With all due respect sir, start ups can also cheat or steal!!!
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The world should not have billionaires
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Why not? Is the idea of being a billionaire anathema to you? If yes, why?
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Don't let the math get in the way if a good slogan!
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I think they generalise, founders with 1B+ wealth may be considered exception
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it’s because profits are withheld wages. it’s about paying people less than they are worth, ideally as little as possible, as a rule. if y’all truly want a free market, it’s not really free unless labor is free to organize unhindered. we need more democracy in the workplace
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And when the company makes a loss?
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