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Wealth != salary. Most wealthy people who got wealthy didn't get there by making a large salary, they (at some point) booked capital gains on something. Nothin
by charlesdm 9y ago
Wealth != salary. Most wealthy people who got wealthy didn't get there by making a large salary, they (at some point) booked capital gains on something.
Nothing is stopping you from venturing out into the world and setting up a business, and making your way into the 1%.
Most work is commodity work. And in a lot of cases, you have a significant amount of people who can solve a problem. This results in a race to the bottom in terms of compensation.
- justicezyx 9y ago> Nothing is stopping you from venturing out into the world and setting up a business, and making your way into the 1%. Well, that's the issue we were discussing: Is there a system that can move the society in a rate that is at least as good as what we have now, but at the same time does not result into the 0.1% problem.
- Can_Not 9y ago> Nothing is stopping you from venturing out into the world and setting up a business, and making your way into the 1%. Nothing except the 1%-ers who are pulling up every ladder behind them they can.