3 ms·
What you're missing is that most wealthy decision makers have highly concentrated holdings, so a general raise in national wealth doesn't necessarily provide th
by thwayunion 4y ago
What you're missing is that most wealthy decision makers have highly concentrated holdings, so a general raise in national wealth doesn't necessarily provide them with a net benefit.
Ending non-competes would be good for GDP growth and the US economy writ large. But it's not necessarily for any particular company. See: all the businesses killed off by silicon valley.
Similar to how rent collection is a massive drag on economic productivity but fixing the housing crisis would be terrible for certain rent extractors in particular.