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With extreme inequity, who's gonna make all the smaller bets? Lost in the food fight over today's robberbarons is recognition that small and medium new busines
by specialist 2y ago
With extreme inequity, who's gonna make all the smaller bets?
Lost in the food fight over today's robberbarons is recognition that small and medium new business formation continues to decline.
IMHO, those are the job creators and wealth creation (vs mere wealth transfer) I prefer we boosted. I trust billionaires will somehow muddle along with or without our help.
- nickpp 2y ago> With extreme inequity, who's gonna make all the smaller bets? The more large, visible winners you have in a society the more us little people are incentivized to buy those lottery tickets. Crowd funding, angel investing and small funds do exist. Or even Robinhood.
- specialist 2y agoSince you mentioned Robinhood: What impact have they had? Are their users better for using Robinhood?
- WalterBright 2y agoRobinhood enables anyone with a phone and a credit card to invest in stocks. Of course, you can make or lose money investing in stocks. But you cannot claim that investing in stocks is only available to connected wealthy people.
- WalterBright 2y agoIf you've ever tried to start a business, you'll find that the government throws ever more barriers in your way.