5 ms·
So where do you draw the line? What's the number? And when that number is reached, what happens exactly?
by pb7 5y ago
So where do you draw the line? What's the number? And when that number is reached, what happens exactly?
- jonny_eh 5y ago100x the poverty line. Excess earnings goes to taxes.
- mym1990 5y agoRIP innovation if the bar is that low
- jonny_eh 5y agoInnovators gonna innovate, they don't need ginormous returns to get out of bed.
- mym1990 5y agoThis comment is pretty hand wavy, but generally speaking the innovator is not the only part of the puzzle. Our world is still largely driven by investment and risk and something has to balance the scales. I agree that intrinsically motivated people probably care less for the money piece, but there are plenty of innovators that are both extrinsically and intrinsically motivated.
- thundergolfer 5y agoThe world's greatest 20th century innovators, such as Einstein and Shannon, did not do their work to get rich. It's more than a little crazy that "innovation" has become so closely associated with ECommerce entrepreneurship, and is assumed to be driven by greed.
- mym1990 5y agoMy outlook has almost nothing to do with being paid, but rather having the proper rewards for taking a proper risk. For someone like Musk, the reward from PayPal enables him to pursue even greater innovation, which he is doing marvelously. I would bet a large sum that he would not be where he is now if his gains were capped at 100x poverty level.
- dpcx 5y agoThis seems like a pretty good place, really. https://twitter.com/Mikel_Jollett/status/1241843944238923777?s=20 https://twitter.com/Mikel_Jollett/status/1241843944238923777...