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> How does someone having wealth stop anyone else from acquiring theirs? The wealthy person (a) does not need a 9-5 job to subsist and can devote all their tim
by freyir 9y ago
> How does someone having wealth stop anyone else from acquiring theirs?
The wealthy person (a) does not need a 9-5 job to subsist and can devote all their time to a launching a business, (b) has a lower tax burden via capital gains, (c) can afford to fail multiple times, (d) can buy their way into a top school if they don't get in on merit, (e) tends to have better family connections, (f) etc.
Then the question is then whether startups exist in a competitive environment, which of course is true. Tech, and the web especially, often approaches a zero-sum game.
- manigandham 9y agoSure, as I said you may start out with less and have to work harder, but nothing you mentioned is stopping you from doing anything.
- freyir 9y agoRight, it's not stopping you from trying, it's just drastically lowering your odds of succeeding.
- edanm 9y ago"Tech, and the web especially, often approaches a zero-sum game." Why do you think that? Since 2000, how many brand-new companies and brand-new industries have been created, from scratch? Doesn't look very zero-sum to me.
- freyir 9y agoEntire categories are strongly dominated by one or occasionally two deeply-entrenched players. In the US: Search: Google Online shopping: Amazon Cloud: Amazon, Microsoft distant second Rideshare: Uber, Lyft distant second Social media and messaging: Facebook, Snapchat Digital advertising: Google, Facebook Music (Spotify, Apple, Amazon, Google) and video streaming (Netflix, Hulu, Apple, Google, Amazon) might be most diversified. Cloud (Amazon, Google Relevant: https://news.ycombinator.com/item?id=16024061 https://news.ycombinator.com/item?id=16024061