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A comment on Mailchimp insiders react to employees getting no equity from Intuit sale. Parent comment

Re:Mailchimp insiders react to employees getting no equity f... by ryandrake on Friday September 17, 2021 @11:42AM (#28566780)
> How rich someone else is does not affect how much money I need to live, with a few exceptions (inflation, friends, power dynamics in pre-existing relationships).

Many people cannot afford to even own a home in the Bay Area because everyone else around is so rich. Relative wealth is important because "other rich people" drive up prices of everything, from housing, to groceries, to health care.

If my salary doesn't change, but the people around me get a 10% raise, my buying power decreases.

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Re:Mailchimp insiders react to employees getting no equity f... by rocqua on Tuesday September 21, 2021 @03:27AM (#28602799)
That holds if everyone else gets richer. It does not hold if 2 founders get richer. You barely compete with them for the same items, so it shouldn't affect your buying power at all that your founders got a windfall.
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