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And what of their loses? VCs don't make just returns - they make loses as well. "Person X doesn't deserve their amount" does not equal "taking away person X's
by T2_t2 11y ago
And what of their loses? VCs don't make just returns - they make loses as well.
"Person X doesn't deserve their amount" does not equal "taking away person X's return would help reduce poverty".
- dennisnedry 11y agoWhy even use the word, "deserve"? It seems like this is a pathway to entitlement. Wealth is created, not distributed.
- vannevar 11y agoWealth is both created and distributed. No one in modern life creates value in a vacuum, it is always in concert with many other people, past and present. And aside from governments, no one makes their own money---they get it from other people, in proportion to the value that those people perceive they're getting in return. And this value exchange all rests on top of a system of laws and culture, none of which is in the direct control of the individual. On a day-to-day basis in modern society, wealth distribution is a much bigger force in an average person's life than is wealth creation.