Inherited capital in every startup I've worked at. And enough of it that they got several runs at success. It wasn't risky at all.
> Which brings more value to a community, a person who is employed, or a person who employs people?
Too vague a generalisation to have any value. What matters is who does the work and the social value of that work.
> Inherited capital in every startup I've worked at. And enough of it that they got several runs at success. It wasn't risky at all.
In the event this was an attempt to answer, I have to say, feels like a non-answer. You do say "worked at" though, which makes me think not as a founder but as an employee, thus the capital risk wasn't yours so much.
> Too vague a generalisation to have any value. What matters is who does the work and the social value of that work.
It is vague, sure, a doctor probably has more value than someone who employs a cleaner to clean their home. So I suppose, a better question would be:
6. Which brings more value to a community, a person who works in an office doing menial admin work for 5 years, or a person who spends 5 years founding a new company that provides medical services to the community, employs 100 people, and produces tax receipts (direct and indirect) of 1000x the person who works in an office doing menial admin work?
If you're thinking "how can I possibly answer that question?" then you're right. You can't. The obvious answer is that the founder ultimately produces more value, and that's okay. You don't have to hate or dislike people for creating value — creating jobs and providing services is crucial to the economies around the world.
There seems to be a knee-jerk reaction to such a question of "well the office worker has value too", yes, nobody is saying people are value-less, but there is an objective reality that some people produce more value than others.
Ultimately, my purposefully crafted questions lead up to one thing: some people deserve to be paid more than others.
> You've not attempted to answer the actual questions
Lol no, this is a transparent plea for validation.
No-one views tax as punitive. The real anger from the nation is directed at:
1. The financial class who has enough wealth to use non-dom status, offshore trusts and similar vehicles to dodge tax, which vehicles are not available to hoi polloi 2. Merely comfortably-rich people who wank off about how they are "job creators"
You DO get paid more. Save your whining for your therapist.
Taxes are punitive when they're greater for some people than others. Not only is the absolute value paid much great, but so too is the relative amount. We're all paying into a pot unevenly and taking out unevenly. It's completely unfair.
You asked "Who takes more risks" not who put more capital at risk. Founders I have known had plenty of capital and risking some of it on startups wasn't nearly as risky to their life as it was for many of their employees for whom this was their only roll of the dice and had no savings.
> 6. Which brings more value to a community, a person who works in an office doing menial admin work for 5 years, or a person who spends 5 years founding a new company that provides medical services to the community, employs 100 people, and produces tax receipts (direct and indirect) of 1000x the person who works in an office doing menial admin work?
I love the way you completely passed over whether or not the founder does any work at all beyond providing the capital. Plenty of founders work hard, but plenty more bring connections and capital and are otherwise a productivity drain.
So again, as before, it depends on the productive work being done by that person. And they shouldn't get to take the credit for the taxes paid by their employees or the profits earned by everyone in the company. That's a shared achievement.
And why define a person just by what they do in their job? The person doing menial admin work could be doing all sorts of other amazing voluntary work that eclipses anything the founder provides in value.
> You don't have to hate or dislike people for creating value — creating jobs and providing services is crucial to the economies around the world.
And yet it's ideologically orthodox to hate governments for doing exactly these things.
> There seems to be a knee-jerk reaction to such a question of "well the office worker has value too", yes, nobody is saying people are value-less, but there is an objective reality that some people produce more value than others.
That is true enough.
> Ultimately, my purposefully crafted questions lead up to one thing: some people deserve to be paid more than others.
Even if it was true that people are paid according to the value they produce (they are not) it does not follow that they deserve to be.
Take a doctor who delivers immense value to their patients. They can only do so thanks to the hospital they work in, thanks to the education they received and the equipment they have access to.
Or consider a founder who starts a company benefitting from the concentration of talent created by a university doing world class research and attracting the best students.
What people deserve to be paid is a social question. When we choose to pay San Francisco founders millions and let thousands of people be homeless, that's a social choice about our shared values.
