I dunno, just seems like an okay system to me. We both get richer, I press some buttons on a keyboard then get paid and go hang out with my family. I am sure it could be better, but there is no organization I trust any…
But if a billionaire pays you $100k and makes $110k in revenue the inequality went down, right? Their wealth went up by 10k and yours went up by 100k.
The reverse is also true though. I am not going to work for you unless you pay me more for my time than it is otherwise worth.
How much of this is a cultural problem with Americans though? Immigrant families save a higher percentage than Americans even when they make less money. Americans notoriously overconsume and are not big on saving.
There are plenty of inventors that made more money than the capital providers. Nearly every founder (Jobs, Zuck, Musk, Google Guys, Gates) all made more wealth than the investors that bought in along the way.
If you believe in AI hype (which you seem to) you should acknowledge the passive investors are the ones funding the massive data center buildouts, infrastructure investment, and paying for R&D that has not yet proven…
I dunno, just seems like an okay system to me. We both get richer, I press some buttons on a keyboard then get paid and go hang out with my family. I am sure it could be better, but there is no organization I trust any…
But if a billionaire pays you $100k and makes $110k in revenue the inequality went down, right? Their wealth went up by 10k and yours went up by 100k.
The reverse is also true though. I am not going to work for you unless you pay me more for my time than it is otherwise worth.
How much of this is a cultural problem with Americans though? Immigrant families save a higher percentage than Americans even when they make less money. Americans notoriously overconsume and are not big on saving.
There are plenty of inventors that made more money than the capital providers. Nearly every founder (Jobs, Zuck, Musk, Google Guys, Gates) all made more wealth than the investors that bought in along the way.
If you believe in AI hype (which you seem to) you should acknowledge the passive investors are the ones funding the massive data center buildouts, infrastructure investment, and paying for R&D that has not yet proven…