3 ms·

might be nice for employees but borders on negligent when private markets are practically begging for you to take their money and going public has alot of hoops

might be nice for employees but borders on negligent when private markets are practically begging for you to take their money and going public has alot of hoops and disclosures

pianoben 6y ago
I will never argue that the founders are not acting wisely - they've got no moral imperative to go public. As you say, there's far cheaper capital on offer. Rather, it's a systemic failing. They would pay an undeniable cost by going the IPO route, but it would be to the benefit of their employees and the public at large. Private markets being so flush with cash while regular folks are strapped, on the other hand, is a sign that the tax code is too lenient and we should be re-purposing those dollars for societal benefit. _There_ is the moral failing.
- GarrisonPrime 6y ago
  >...we should be re-purposing those dollars for societal benefit. _There_ is the moral failing. To see such a dangerous, totalitarian ideology expressed so casually is terrifying.
  - lotsofpulp 6y ago
    I don’t understand it either. If you want more compensation, ask for more compensation. If you accept equity that you don’t have control over, don’t complain when it behaves like a lottery ticket.
  - deleted 6y ago
    [deleted]
  - darkarmani 6y ago
    > To see such a dangerous, totalitarian ideology expressed so casually is terrifying. Totalitarian? Does the economy exist to serve man or itself? There should be nothing scary about suggesting that the current framework doesn't serve society as well as it could.
  - eximius 6y ago
    Taxes are not totalitarian, which was the implication.
  - pianoben 6y ago
    I'm sorry to have terrified you. Here's what I mean by that, and what I think should change. Companies boast of record profits, buy back stock constantly, and pay next to nothing in taxes. Meanwhile, even with the ACA Americans scrimp and save, paying outrageous amounts for paltry healthcare that most of the First World would find totally inadequate. Education is chronically underfunded and over-regulated. Student debt is a ticking time bomb. All of these problems could be resolved in an instant, had we the political will to solve them. Is it totalitarian to wish for a modern single-payer health system? Is it totalitarian to want my children to have access to a good education like I had in the 80s? Is it wrong to ask those who benefit most from society, to pay their fair share? I don't think so. Neither of us want boots on the ground, so to speak.

might be nice for employees but borders on negligent when private markets are practically begging for you to take their money and going public has alot of hoops and disclosures

pianoben 6y ago

I will never argue that the founders are not acting wisely - they've got no moral imperative to go public. As you say, there's far cheaper capital on offer. Rather, it's a systemic failing. They would pay an undeniable cost by going the IPO route, but it would be to the benefit of their employees and the public at large. Private markets being so flush with cash while regular folks are strapped, on the other hand, is a sign that the tax code is too lenient and we should be re-purposing those dollars for societal benefit. _There_ is the moral failing.

GarrisonPrime 6y ago
>...we should be re-purposing those dollars for societal benefit. _There_ is the moral failing. To see such a dangerous, totalitarian ideology expressed so casually is terrifying.
- lotsofpulp 6y ago
  I don’t understand it either. If you want more compensation, ask for more compensation. If you accept equity that you don’t have control over, don’t complain when it behaves like a lottery ticket.
- deleted 6y ago
  [deleted]
- darkarmani 6y ago
  > To see such a dangerous, totalitarian ideology expressed so casually is terrifying. Totalitarian? Does the economy exist to serve man or itself? There should be nothing scary about suggesting that the current framework doesn't serve society as well as it could.
- eximius 6y ago
  Taxes are not totalitarian, which was the implication.
- pianoben 6y ago
  I'm sorry to have terrified you. Here's what I mean by that, and what I think should change. Companies boast of record profits, buy back stock constantly, and pay next to nothing in taxes. Meanwhile, even with the ACA Americans scrimp and save, paying outrageous amounts for paltry healthcare that most of the First World would find totally inadequate. Education is chronically underfunded and over-regulated. Student debt is a ticking time bomb. All of these problems could be resolved in an instant, had we the political will to solve them. Is it totalitarian to wish for a modern single-payer health system? Is it totalitarian to want my children to have access to a good education like I had in the 80s? Is it wrong to ask those who benefit most from society, to pay their fair share? I don't think so. Neither of us want boots on the ground, so to speak.