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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They are politicians, they know everything, and they are here for you. You'll just feel a little sting, nothing serious
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Because they’ve all worked in successful startups as part of the founding team and like you, have deep insight into how PMF, network effects and scale economies work
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I agree but don’t think this is confronting their argument. It isn’t that a company that makes $200m must be cheating but that if your co makes that much it is underpaying labor, so the founder owning 15% is stealing. (Note: this is classical “labor surplus” Marxism)
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Ok, that's fair. And when the company has a bad year and is in the red $200M, are the employees willing to also take a pay cut to get it back to black? Also, why not just tax the corporation more? Why isn't anyone bringing this up as a solution?
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I am unable to understand if this was sarcasm or a serious point. Can someone please help?
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Many people have contributed to the success of such company and are not being properly rewarded. Eg. people cooking for employees at minimum age, Uber drivers bringing them to work, power users, content producers (eg. youtubers), ...
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That sounds like the perfect way to kill entrepreneurship. Maintain all the risk while capping the reward to less than a zero risk job in corporate finance.
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