Re:Billionaires Build
by hezag on Saturday December 05, 2020 @03:33AM
(#25312858)
But was the improvement on people's lives produced by the work of Gates or Musk alone? Or it required hundreds of people working to make it possible?
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Of course he didn’t do it alone. But the people who got in early with Gates or Musk made out like bandits.
And the bigger question is - would Microsoft or Tesla happened at all with Gates or Musk? I mean, at least in Musk’s case everybody thought he was guaranteed to fail. I don’t begrudge his $1B of wealth in the least - he put his money where his mouth was when everyone else said it was dumb - but he was right.
It’s not like they Gate and Musk kept all the wealth for themselves. Didn’t Microsoft create several hundred millionaires? But if Gates and Musk were the key drivers for the very existence of the companies I don’t see any issue with them getting the lions shares of the returns.
Microsoft has created over 10K millionaires and at least 2 additional (not named Gates) billionaires from stock alone.