Re:French economist scours spreadsheets to find secret offsh...
by chongli on Thursday May 23, 2019 @09:11PM
(#19997595)
If you massively taxed outsized earnings and/or capped it, he probably would have never even started the company because why would you take the extreme risk of doing a startup when most of them fail?
What is the marginal utility of another billion dollars to someone who is already a billionaire? What motivates Jeff to get out of bed in the morning?
The answer: winning.
Guys like Jeff Bezos and Elon Musk are the business equivalent of professional athletes. The money they continue to make is only a trophy at this point. To them, the real prize is to enter new markets and succeed, challenging and disrupting the status quo.
What is the marginal utility of another billion dollars to someone who is already a billionaire? What motivates Jeff to get out of bed in the morning?
The answer: winning.
Guys like Jeff Bezos and Elon Musk are the business equivalent of professional athletes. The money they continue to make is only a trophy at this point. To them, the real prize is to enter new markets and succeed, challenging and disrupting the status quo.