3 ms·
Entrepreneur A creates a company with a very labor-intensive business plan. He eventually hires 1 million low-wage blue collar workers, all of whom preferred wo
by whack 5y ago
Entrepreneur A creates a company with a very labor-intensive business plan. He eventually hires 1 million low-wage blue collar workers, all of whom preferred working for him over their next best alternative. His company earns $1 billion in annual profits.
Entrepreneur B creates a company specifically designed to require minimal labor. He hires only a small number of workers, mostly high-earning and white collar professionals. His company earns $1 billion in annual profits.
I would argue that both entrepreneurs should be equally obligated to support the social safety net. And both companies should be taxed equally to fund the social safety net. Imposing higher taxes and obligations onto entrepreneur A and his company, is a perverse way of punishing entrepreneurs for pursuing labor-intensive business models which create more job opportunities for low-wage workers. If anything, we should be doing the opposite.