Re:Income Inequality Is Big, Wealth Inequality Is 100 Times ...
by OldTimeCoffee on Tuesday December 14, 2021 @01:06PM
(#29554976)
>Of course a leader provides tens or hundreds of times the value of a follower, what an absurd question.
Why is this of course? If it weren't for the followers the leader would have nothing except hot air.
The real value is in the followers, it's just distributed over larger numbers. Maybe I'm missing something, but someone actually has to do the work and it's not normally the "leaders"...
There are a lot of small businesses getting a really hard education in this right now.
Re:Income Inequality Is Big, Wealth Inequality Is 100 Times ...
by Grustaf on Tuesday December 14, 2021 @04:59PM
(#29558547)
Because followers are interchangeable, but a leader is someone that wills something into being from nothing. It's incredibly demanding, most people can't even start a hot dog stand from scratch.
Re:Income Inequality Is Big, Wealth Inequality Is 100 Times ...
by gaze on Tuesday December 14, 2021 @04:42PM
(#29558306)
Why is it an absurd question? You haven't justified this "tens or hundreds" figure at all, just called it absurd.
Re:Income Inequality Is Big, Wealth Inequality Is 100 Times ...
by s1artibartfast on Tuesday December 14, 2021 @12:17PM
(#29554224)
When the form of wealth is stock, the functional difference between having 1 or XX billion is corporate control of the company.
Re:Income Inequality Is Big, Wealth Inequality Is 100 Times ...
by Grustaf on Wednesday December 15, 2021 @09:12AM
(#29566157)
If your point is that it's important for founders to keep control, then sure, but you can have different classes of shares. Founders can stay in control of their companies without making tens of billions.
Re:Income Inequality Is Big, Wealth Inequality Is 100 Times ...
by s1artibartfast on Wednesday December 15, 2021 @10:05AM
(#29566902)
In the US, I guess this is true, although non-voting/low voting shares are illegal in many parts of the world.
But that doesn't mean it's reasonable that he collects 10000 times more of the value. There is so functional difference between having 1 or 10 billion, except the amount of undue influence you can have on politics.