Re:Cash to the poor: Giving money directly works surprisingl...
by dragonwriter on Monday October 28, 2013 @01:24PM
(#6628285)
> pg once pointed out there may be far fewer startups in a society that does not allow concentration of excessive wealth.
There will be far more individual entrepreneurial efforts in a society which does a better job of insuring that:
1) People have the basic needs reliably met independent of wage-labor arrangements, reducing the incentive to choose wage labor of entrepreneurship, and,
2) Marginal taxes are kept low for those who have not yet acheived above average wealth, increasing the ability to acheive moderate concentrations of wealth and for people other than the excessively wealthy to self-fund entrepreneurial efforts.
These may tend to be more "lifestyle businesses" than "startups", but I don't see any reason to see the latter as having greater social value than the former.
There will be far more individual entrepreneurial efforts in a society which does a better job of insuring that: 1) People have the basic needs reliably met independent of wage-labor arrangements, reducing the incentive to choose wage labor of entrepreneurship, and, 2) Marginal taxes are kept low for those who have not yet acheived above average wealth, increasing the ability to acheive moderate concentrations of wealth and for people other than the excessively wealthy to self-fund entrepreneurial efforts.
These may tend to be more "lifestyle businesses" than "startups", but I don't see any reason to see the latter as having greater social value than the former.