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>>> Craig Newmark has roughly $1B. >> I doubt if he’s typical of people working at Craigslist. > A billion split ten ways is still a decent chunk of pocket ch
by adolph 4y ago
>>> Craig Newmark has roughly $1B.
>> I doubt if he’s typical of people working at Craigslist.
> A billion split ten ways is still a decent chunk of pocket change.
The difference being that Newmark has an equity stake of some hypothetical value and the people working there would receive some fixed value per unit of time. If Newmark were to pay each of 10 workers $1B/10 then:
* their paychecks afterward would be much smaller
* their next tax period would be much larger
* someone else would control Craigslist since the equity stake would have been liquidated (probably causing it to be worth less than $1B)
Thus `has != earns`
> quitting early and moving to Montenegro
I'm of the thought that there is only so much leisure a person can take before there is a drive to contribute toward the betterment of humanity. If someone trusted you and you were trustable, would you take a large lump sum and work for work's sake? Would it make a difference if the sum was an equity stake in the work's environment?
https://www.goodreads.com/quotes/1501096-let-s-suppose-that-you-were-able-every-night-to-dream https://www.goodreads.com/quotes/1501096-let-s-suppose-that-...
- JohnFen 4y ago> I'm of the thought that there is only so much leisure a person can take before there is a drive to contribute toward the betterment of humanity. I agree completely. > If someone trusted you and you were trustable, would you take a large lump sum and work for work's sake? Would it make a difference if the sum was an equity stake in the work's environment? I wouldn't, if it involved a long-term commitment. It's the long-term commitment that's the issue. It locks you into one thing and eliminates the ability to do something better -- or just different -- later on. The money doesn't really enter into it.