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Re:Patagonia founder gives away the company by LordDragonfang on Wednesday September 14, 2022 @06:06PM (#32844077)
To answer the last two questions, yes. The expectation for companies to continue to grow no matter what, even when they're already massively profitable, is one of the biggest issues with modern capitalism. It's how you get the world's most profitable (non-financial) company switching its focus to nickel-and-diming its customers for services because it's run out of new human beings to sell iPhones to, and how you get every video game company switching to scummy fomo and gambling to maximize shareholder revenue instead of mindshare, and how you get every company jumping over themselves to sell your data even if you're already paying for the product. Companies should be able to get to the point where leaving money on the table for the good of their customers, and society, is a valid move.
Re:Patagonia founder gives away the company by smaddox on Wednesday September 14, 2022 @09:36PM (#32845937)
Okay, but this would disincentivize individuals from building multiple successful companies after a certain point of personal success.
Re:Patagonia founder gives away the company by banannaise on Thursday September 15, 2022 @10:26AM (#32852552)
No it wouldn't. It would cease to further incentivize them. Once you have enough money to live comfortably for the rest of your life, maybe you don't need external incentives for your behavior? Maybe you should be encouraged to simply do whatever you find most fulfilling, without financial reward?
Re:Patagonia founder gives away the company by smaddox on Friday September 16, 2022 @06:19PM (#32872744)
> dis·in·cen·tiv·ize

> verb

> discourage (a person or course of action) by removing an incentive.

Regardless, though, how exactly would your proposal not prevent someone from building future companies? If stock is considered monetary wealth (the only viewpoint from which we have billionaires), they would be forced to... What? Give away their existing stock in order start a new successful company?