Re:Golden Handcuffs
by heavyset_go on Thursday May 13, 2021 @07:51PM
(#27148967)
> Your moralizing a non moral argument.
I'm responding to a common moralizing argument:
> > A common reason I hear for the fact that investors get more equity is because of the "risk" they take on
> Its simply harder to get access to someone else's capital than someone else's time. So people can charge a premium for the capital.
That's just another consequence of our current system favoring those with capital. There's a glut of capital, it's just allocated in manners that favor asset owners over those who work for a living.
A more democratic approach to capital access wouldn't necessarily have to tip the scales in favor of those who already have it.
I'm responding to a common moralizing argument:
> > A common reason I hear for the fact that investors get more equity is because of the "risk" they take on
> Its simply harder to get access to someone else's capital than someone else's time. So people can charge a premium for the capital.
That's just another consequence of our current system favoring those with capital. There's a glut of capital, it's just allocated in manners that favor asset owners over those who work for a living.
A more democratic approach to capital access wouldn't necessarily have to tip the scales in favor of those who already have it.