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It isn't even a romantic utopia, it is more like a living hell. Rich people create businesses and jobs, that is usually how they are wealthy. If the marginal ta
by chrismcb 5y ago
It isn't even a romantic utopia, it is more like a living hell.
Rich people create businesses and jobs, that is usually how they are wealthy. If the marginal tax rate guess up to 100% sorry 10 million, there is very little incentive for people to earn more than 10 million. And either they will stop trying to earn, out they will move.
On top of that, these people don't earn as much as you think they do.
In addition, these people don't burn money, they spend it. Which allows others to earn money.
- HWR_14 5y agoOther than butler or yacht captain, what jobs do rich people create?
- sokoloff 5y agoOver half of the jobs held by HN posters, for starters.
- HWR_14 5y agoWell, that's a non-answer. What types of jobs are those?
- sokoloff 5y agoGoogle SWE, Amazon SWE, Meta SWE, Netflix SWE, Microsoft SWE, AirBnB SWE, Dropbox SWE, Hooli SWE,…
- HWR_14 5y agoHow are any of those jobs "created by rich people"?
- Mckckdk 5y ago
- HWR_14 5y agoAlmost none of those jobs were created by the founders. Most were created by profit-maximizing companies that would be trying to maximize profits even if the founders lost all their stock tomorrow. Very early hires, maybe you can claim were going into a job created by a founder.
- candiodari 5y agoGoogle SWE: billionaire Google founders Sergey Brin and Larry Page Amazon SWE: "richest man in the world" Jeff Bezos Meta SWE: billionaire founder Mark Zuckerberg Netflix SWE: billionaire Reed Hastings Microsoft SWE: "richest man in the world" Bill Gates Then we get into the "mere" hundreds of millions. They created those jobs, and obviously they're very, very wealthy.
- germandiago 5y agoYou will still have silly pretentious people that use Windows and Amazon every day and will tell you that these guys are bad. Start with your vote, kids: use something else, do not buy from them. It is what I would do, in fact, if I had that thinking.
- HWR_14 5y agoWow, way to prove my point. Bezos and Gates cannot create a single job in Amazon or Microsoft (Gates isn't even on MS's board anymore). Brin and Page can probably create whatever job they want, but most engineers don't report up to them and cannot be fired by them. So only 1/3 of the people you posted about (Hastings; Zuckerberg) even are in a position to fire someone working at the company, and probably don't know who those people are. Meanwhile, if all six of them dropped dead tomorrow, the only people whose job would be in peril would be their personal assistants, helicopter pilots, etc. Those are the jobs "created" by the founders you listed.
- missedthecue 5y agoliterally every company that is funded by YC is funded by rich people hoping to get richer.
- germandiago 5y agoAre you suggesting you should qualify the jobs people create? The important thing is if someone wants to do it or not.
- HWR_14 5y ago> Are you suggesting you should qualify the jobs people create? Well, I started by saying that the only jobs were yacht captains and butlers (slight exaggeration) and was told that many of the jobs were things people on this message board had. So, yeah, that's what the topic is.