Comment by adastra22
The current top-10 billionaires on Forbes' list all got rich by creating value, though some like Larry Ellison certainly did both.
The current top-10 billionaires on Forbes' list all got rich by creating value, though some like Larry Ellison certainly did both.
> They didn't get rich by creating value. They might have created value…
Odd to contradict yourself with only a period separating the contradictory statements.
> I would also argue that they don't create the value themselves, but their workers do.
Sure, that’s fair - but those workers also have jobs and salaries because of risk the founders took to de-risk the company before the employees joined.
The level of risk required is not everyone’s cup of tea.
I also create value but am not as rich. Maybe they extracted value from society by unethical means to acquire that much of it?
I don't agree. They didn't get rich by creating value. They might have created value, but they got rich by keeping that value to themselves.
I would also argue that they don't create the value themselves, but their workers do. Just like that joke: a worker is admiring the boss's Ferrari, and the boss tells him "if you continue working hard, next year I'll have 2"