6 ms·

Or to the reduced incentives available to most of the population. The very rich are accumulating more and even the upper middle class are struggling, and it mig

Or to the reduced incentives available to most of the population. The very rich are accumulating more and even the upper middle class are struggling, and it might take decades of work to build up enough capital to start a small business, while someone with the right connections and half the talent is handed money for little effort.

mym1990 4y ago
Reduced incentives for what?
- wolfram74 4y ago
  What's the point in generating value if it's all being captured by the capital holding class?
  - mym1990 4y ago
    I generate value for my company in exchange for payment so I can put food on the table and not starve, seems to be a pretty good reason for me.
  - PeterisP 4y ago
    The chance to become part of the capital holding class.
    - epicureanideal 4y ago
      Right, but incentives are reduced as this becomes less and less likely for any given amount of effort.
  - astrange 4y ago
    The capital holding class is “people with 401ks” and so includes you.
    - feet 4y ago
      The capital holding class includes people who could quit their job and live purely off capital gains, so it likely does not include you
drekipus 4y ago
> it might take decades of work to build up enough capital to start a small business, while someone with the right connections and half the talent is handed money for little effort You can't have it both ways; either it takes decades or it's handed over for little effort. You also don't need much capital to start a few small businesses. Obviously it depends on what you want to do. but it won't take decades to start a dog walking business, for instance. All business requires working with other people, and other people have money. I started selling hair products in tandem with some guy I met at a men's shed when I was unemployed. The "right connections" isn't limited to your notion of "upper class" whatever that might be.
- Espressosaurus 4y ago
  You can have it both ways if it's different people. The amount I save over 10 years is going to be radically different than the amount of money someone pulling a mil per year is going to save is going to be radically different than the amount of money someone working minimum wage will be able to save.
  - drekipus 4y ago
    Right, but we're saying "enough to start a small business" which is similarly varied. Is it upsetting that someone on minimum wage won't be about to become a tycoon overnight? Is it upsetting that people have to talk to others to convince them to give you money?

mym1990 4y ago

Reduced incentives for what?

wolfram74 4y ago
What's the point in generating value if it's all being captured by the capital holding class?
- mym1990 4y ago
  I generate value for my company in exchange for payment so I can put food on the table and not starve, seems to be a pretty good reason for me.
- PeterisP 4y ago
  The chance to become part of the capital holding class.
  - epicureanideal 4y ago
    Right, but incentives are reduced as this becomes less and less likely for any given amount of effort.
- astrange 4y ago
  The capital holding class is “people with 401ks” and so includes you.
  - feet 4y ago
    The capital holding class includes people who could quit their job and live purely off capital gains, so it likely does not include you

drekipus 4y ago

> it might take decades of work to build up enough capital to start a small business, while someone with the right connections and half the talent is handed money for little effort You can't have it both ways; either it takes decades or it's handed over for little effort. You also don't need much capital to start a few small businesses. Obviously it depends on what you want to do. but it won't take decades to start a dog walking business, for instance. All business requires working with other people, and other people have money. I started selling hair products in tandem with some guy I met at a men's shed when I was unemployed. The "right connections" isn't limited to your notion of "upper class" whatever that might be.

Espressosaurus 4y ago
You can have it both ways if it's different people. The amount I save over 10 years is going to be radically different than the amount of money someone pulling a mil per year is going to save is going to be radically different than the amount of money someone working minimum wage will be able to save.
- drekipus 4y ago
  Right, but we're saying "enough to start a small business" which is similarly varied. Is it upsetting that someone on minimum wage won't be about to become a tycoon overnight? Is it upsetting that people have to talk to others to convince them to give you money?