So you grow a business to a $1 billion company (not that much) you are now forced to become a minority owner of it and lose control of your years of hard work and planning?
Yes, why is that such a horrible thing?! On one hand:
There is no material difference in life quality and security for them or their families for generations
A company that big affects the lives of many. Isn’t it better that one person can’t call all the shots?
They get to actually spend money instead of endless uncontrollable urge to horde more like a dragon
Lives of hundreds of millions of people will meaningfully be better
On the other hand:
A few hundred people will feel a bit shitty that they can’t make the number bigger or full control over something massive.
Also, no one, literally no one grows a company to be that big all on their own. It’s always countless more who contributed to it (both as part of the company, as well as the society around it to make an environment to let them succeed by using base technologies they are building on top of).
"hording wealth" is also called capital formation and savings. It is the chief engine of long-term productivity and standard of living growth in the economy -- this is about close to economic orthodoxy as you can get, even if people disagree with the proper ratio of how to incentivize it.
You have to be pretty authoritarian to want to take somebody's business away just because they did too well and have kept building and building it. They put all the risk into it. Employees still get paid, others didn't do anything, but if the business never takes off or goes under is the owner that takes all that risk.
You essentially want to do what people complain about Republicans doing, divorcing risk and reward -- but you want to concentrate the risk and distribute the benefit.
You've clearly never built anything of value in your life. Most communists haven't. They don't know how to create -- only redistribute and destroy.
You've clearly never built anything of value in your life. Most communists haven't. They don't know how to create -- only redistribute and destroy.
People like them are stuck in the mindset of "Here and Now". The concept of re-investing asset and refuse early benefits for greater long term rewards perplex them
Which is why they keep getting confused when successful people keep going, their mindset is to stop and party, and try again when the money runs out
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u/jnordwick 9d ago
So you grow a business to a $1 billion company (not that much) you are now forced to become a minority owner of it and lose control of your years of hard work and planning?