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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Replying to @paulg
I think the core of the issue is, many believe on a deep level that value cannot be created. That the only way to have money/value is to take it from others
5 replies 4 retweets 81 likes -
Replying to @robertskmiles @paulg
Earthly Path Retweeted Mason 🏃♂️ ✂️
I think this is it. I myself didn't grok the idea, despite some economics courses in college and being alive for 24 years and counting, until very recently after listening to
@naval How To Get Rich Podcast and reading@webdevMason's tweethttps://twitter.com/webdevMason/status/1206716581000208384 …Earthly Path added,
Mason 🏃♂️ ✂️ @webdevMasonWho has a billion dollars? Your net worth is what someone is willing to pay for what you have, whether you've sold it or not. If a famous painter paints a new portrait, the value he's created wasn't taken from anyone. Nor if an entrepreneur creates a much-loved product. https://twitter.com/peterdaou/status/1206656298625966081 …1 reply 0 retweets 0 likes -
Replying to @earthlypath @robertskmiles and
When Ocasio-Cortez says, "No one ever makes a billion dollars. You take a billion dollars", 'makes' doesn't mean 'create', it means 'earns'. Creating a billion dollars (in value) is inconceivable.
2 replies 0 retweets 2 likes
"Creating a billion dollars (in value) is inconceivable." It's been done many, many times, adjusting to 2020 dollars. Where to start? Cars? Penicillin? The web browser? Looms? Cameras? Transistors?
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