Re:U.S. Tech Funding – What’s Going On?
by golergka on Tuesday June 16, 2015 @03:50AM
(#9724300)
Since I sense (from the phrase "the rich") that you mean it as something bad: it's not. Just imagine whom would you rather lend your hard-earned money to: a wealthy investor with a proven track record, or a regular Joe. Well, that's exactly what the bank you keep your money it is doing.
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Is the money the Fed lends out "hard-earned" or is it manufactured as a side-effect of fiscal policy (e.g. quantitative easing)? Does it seem right that public policy should so clearly benefit the wealthy by forcing money into the economy through private allocation experts?
There should be a way for entrepreneurs to tap into that money directly, avoiding the wealthy, gate-keeping middle-men. I resent those people, because the irony is that such people make money as money flows through them, thanks to fees, so even their wealth doesn't necessarily mean they are any good at allocation. Even if you take into account returns, in a growing economy when most bets are good bets. Money should flow through people who know how to make real things, not just make decisions.
But still: whom would you give your money? To people who are wealthy because a lot of money have gone through them, or to entrepreneurs?
Re:U.S. Tech Funding – What’s Going On?
by eli_gottlieb on Tuesday June 16, 2015 @10:03AM
(#9725822)
To entrepreneurs, of course. Money doesn't beget money by magic; it needs to flow to someone who actually makes things and works, or the rate of return drops for everyone.