News for hackers. Stuff that matters.

A comment on Patagonia founder gives away the company. Parent comment

Re:Patagonia founder gives away the company by kevinwang on Thursday September 15, 2022 @12:33AM (#32847088)
> Why shouldn’t creating that much value in the world result in the owners collectively benefiting?

It's an inefficient allocation of resources, since wealth brings marginally decreasing utility.

[ Parent | on HN ]
Re:Patagonia founder gives away the company by notch656a on Thursday September 15, 2022 @01:03AM (#32847258)
>wealth brings marginally decreasing utility.

If it is consumed, then sure.

If it is invested by a wise rich person who can manage and grow businesses, then his employees/customers/investors/partners (and perhaps even their own trade partners) may well reach much more utility from the fruits of that wealth than the utility realized if the wealth ended up in less productive hands.

[ Parent | on HN ]