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Originally Posted by Mathgod
The employees create the wealth, not the CEO at the top.
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Ok it's not black and white, CEO is the bigger generator of wealth based on the decisions they make, the empoyees for the most part execute on those decisions and usually generate wealth for themselves, and their impact on overall wealth is minimal.
Quote:
Originally Posted by Mathgod
A few companies putting everyone else out of business is not a good thing for the world.
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Agreed. The number 1 impediment to competition? The Goverment. Yes competition creates winners and losers, anything else creates just losers.
Quote:
Originally Posted by Mathgod
Mega corporations employ so many people because they've gobbled up all the market share and destroyed competition. They used their massive wealth and influence to get favors from government, from a tax structure that benefits them to subsidies... that benefit them.
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Now you're on the trolley, see my point about the Goverment being in the way of competition.
Quote:
Originally Posted by Mathgod
All this stuff you say billionaires "generate" would still be generated in their absence.
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Dont know that and evidence points to that isn't true.
1. We are or where in a revolution - Tech
2. Tech works at scale i.e. How many computers around the world use Windows. You can see how that will generate massive wealth.
3. This amount of wealth wasn't being generated prior, look at the historical trend of the stock market as a simple example, it's only gone up over time. If there wasn't a tech revolution or something similar that may not of happened.