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The corollary is why should the state (ie tax payers) subsidize Baristas and Fast food workers. Nurses Doctors etc there is an obvious moral incentive.
by C1sc0cat 8y ago
The corollary is why should the state (ie tax payers) subsidize Baristas and Fast food workers.
Nurses Doctors etc there is an obvious moral incentive.
- scarface74 8y agoYou mean like the state through pension funds invest in VC funds that subsidize money losing companies who can then pay high salaries to white collar workers? If companies that can’t be profitable and pay a wage thst you think they deserve shouldn’t exist is kind of a dangerous thing to say on a site supported by a VC company....
- C1sc0cat 8y agoRealy was thinking about the tax credits system in the UK ie benefits paid to low paid workers. And to be blunt if I was a LP / Shareholder in a fund/company ran by PG I absolutely would expect hi to invest in companies that will be profitable and not rely on government subvention to be profitable. I am a small shareholder in PE investment companies both UK, USA and elsewhere.