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Let us ignore the specific case of Jeff Bezos and Amazon, let us look at a generic founder starting a company that turns into a billion or trillion dollar compa
by danbruc 7mo ago
Let us ignore the specific case of Jeff Bezos and Amazon, let us look at a generic founder starting a company that turns into a billion or trillion dollar company making the founder a billionaire.
The founder founded the company but the billions were earned by the thousands of employees working for the company. The founder alone would not have earned a single dollar without the employees and there would not be a company the be employed by without the founder.
If you start a business, you create a company to isolate the business risk from your personal risk, if the business does not work out, the company goes down, the founder should be fine. You will probably risk some of your personal money as a founder in many cases, but how much of a reward do you want for that? If you risk a million and make a billion, is that not more than enough? Did you really start a business where you expected to fail with more than ninety-nine point nine percent?
On the other hand, even if the founder would not get an oversized portion of the profit, because that money would get distributed to many employees or many sold products, the effect is relatively small, it would neither make all employees earn millions nor the product significantly cheaper. Bushiness owners making billions is just being in a position where you can take a little money from very many others and that adds up.
Also founders getting rich is capitalism not working as intended. The point of an economy is to provide goods and services that people want as efficiently as possible. Business making a lot of profit means that things are not as cheap as they could be and competition is supposed to correct that. Making a profit is a mean to an end, an incentive for the creation of businesses to satisfy demands, it is not the end itself.