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I'm not saying she's personally responsible for the factory conditions (if anything I'd blame Disney). I'm saying that it's virtually impossible to create a bil
by claudiulodro 5y ago
I'm not saying she's personally responsible for the factory conditions (if anything I'd blame Disney). I'm saying that it's virtually impossible to create a billion dollars of personal wealth without negative externalities somewhere along the line.
There are ~500mm Harry Potter books in print (all years, all languages). Author royalties are between 6 and 15 percent of the cover price. She would definitely have been wealthy, but not billionaire.
- stocknoob 5y agoWhy is 10^9 a magic threshold? What's your actual "you've provided too much value to willing participants" amount? If she negotiated royalties of 20% she would have been a bad person? If she put her money in an index fund and it doubled every 10 years, she'd become immoral later?
- claudiulodro 5y agoYeah, fair 'nuff, you've made a convincing argument. Some people can be billionaires without causing too much suffering on the rest of the world.