Honestly what can you do with 400 billion that you cannot do with 100? But honestly I just wonder what is the drive Once you have secured enough to provide for the next 10 generations. ..... Rocket River
Someone pointed out We value capital more than labor. We don't truly value the actual labor. The investor/capital class is our primary concerned Rocket River
Robert Nozick’s “Wilt Chamberlain” Argument for Libertarianism https://1000wordphilosophy.com/2024/10/11/wilt-chamberlain/
I'm ok with any of it As long as you leave me the F along and don't interfere with my life too much I did. I am answering ATW's question - which i took to reference why I am asking Understood but If some one puts 100% of the capital up but does 0% of the Labor Why is it ok for them to get 90% of the Profits? Why is it not a 50/50 division between Labor and Capital? Rocket River
The numbers you are citing are random. Nobody is forced to work somewhere. If they do work for someone else, they agree on the terms beforehand. If someone wants to start their own company, they can. That's hard, but it can be a way to turn labor into wealth.
I honestly don't hate Billionaires However I don't like people that meddle Using their influence for more financial gain or petty reasons. The Power Differential is insane As I stated one . .. . Musk could Pay every member of congress 100 Million dollars a year for 4 years . . .and still have 200 billion dollars So IMO - He could legit get them to do just about anything I have NO DOUBT that at least 60% of them would take the money so a Billionaire of that level and do anything to anyone Rocket River
If i have a billion dollars starting a company is not that hard I can legit spend 100 million to make everyone else do all the work The research . .the labor .. . . everything Rocket River
There is value in both work and capital. You give an extreme example of what is probably a bad deal, though. Watch Shark Tank and they're constantly trading capital for ownership shares. Sometimes it's close to 50-50. Most of the times it isn't. To give you a direct answer to your question: Because the person putting up the capital takes the risk of losing the capital. It's a risk/reward situation. If you want Mark Cuban's financial help, you have to offer him a reward that will tempt him to take the risk.
I just need some money for eggs—gotta fuel up for my Rocky 20 training! A dozen eggs a day runs me about 40 bucks a week to keep going.
Teaching one of my kids to drive, so I had this stray thought on this topic. When you drive, everyone is expected to observe the rules of right-of-way. Teens learning to drive don't have a lot of confidence, so there is often this tendency to say effectively, 'that's okay, you can go first.' And then I have to yell at them. Because when they don't take their right-of-way, it causes confusion. The other driver is thinking, 'what the hell, are you going to go or what?' And that confusion can then cascade to secondary resolutions of rights-of-way. So, on the question of what's enough money, the same kind of thing happens. A rich person could decide to start a company that makes irrational business decisions to spread the wealth, but it gums up the greater market when he doesn't follow the rules of taking his own right-of-way. For this reason, I don't think we can just put it on individuals with the capital to choose to not seek their own enrichment. We need to change the rules of the right-of-way to get a better flow. Rich people are doing what they're supposed to be doing out there. If it's green, you go. But, when they say the light should be green on their lane all the time, we need to say no.
I think I wouldn't have any use for anything beyond $ 100 million. Could probably stop working with $ 30 million.
Me Too. Seriously .. . I always said I could never be a Billionaire because. . . around 500 million I'd be like. . .eh . . I'm ok and retire. Rocket River
Well, like I said earlier....they don't just have a bank account containing 500 million cash. That'd be dumb: it would just depreciate. So, you put in investments that don't depreciate. With such a large amount t of money, even a small percentage of return yields a lot of money. It ends up growing faster than you can spend it. Thats why billionaires donate huge amounts to charity and also buy companies almost on a whim. The money grows units own. And, when that starts happening, I'm quite sure you wouldn't stop it, would you?
