Quote:
Originally Posted by edslunch
It's a bit of both. No-one is working and getting paid before someone takes a risk makes and investment to start a business (leaving aside people who only use other people's money to get started). People who start businesses deserve a significant risk/reward motivation. I have no problem if people get stinking rich from their business investments, up to one million billion dollars.
Once they get the ball rolling, though, they absolutely build the business with their workers, without whom they wouldn't have a sustainable business. Even to get the ball the rolling they are benefiting from an education system, infrastructure, government grants and incentives, etc. It should be a no-brainer to share the success of the company with its employees and the society that gave it the environment to grow in.
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The money used to purchase capital is just stored labour done previously all money starts as either human energy or extracted from the earth. Everything starts from human labour over centuries.
People staring businesses becoming a billionaire in the process is a lot different than after they become a billionaire. I’m general it’s upper middle class individuals who are the correct age at the right time with access to small amounts of capital that create these game changing companies.
I agree and certainly think the profit motive is the best way to commercialize ideas and research and pick winners and losers and through that process people will get crazy rich and there is nothing wrong with that. There is just a point where you being that rich has no benefit.