81–90 of 1001 posts
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I don't think billionaires should exist, but I also don't think these employees have been wronged. That is a pretty generous severance package.
How much money should people be allowed to have?
Earlier quoted context omitted.
I don't think billionaires should exist, but I also don't think these employees have been wronged. That is a pretty generous severance package.
How much money should people be allowed to have?
I think if employees feel slighted by being fired, they're fooling themselves. The best mindset is that you could be gone tomorrow. It gives you clarity and purpose. It also happens to be the truth. Coinbase was also extremely generous with severance. 12 weeks plus two for every one year at the company, I think. I've had the experience of being let go without notice and without severance. Devs seem a little more griz…
You could reasonably ask whether that should be legal at all.
I think if employees feel slighted by being fired, they're fooling themselves. The best mindset is that you could be gone tomorrow. It gives you clarity and purpose. It also happens to be the truth. Coinbase was also extremely generous with severance. 12 weeks plus two for every one year at the company, I think. I've had the experience of being let go without notice and without severance. Devs seem a little more griz…
People keep pointing to Armstrong's $110M house like it's some sort of injustice. If you think billionaires should exist at all, then that's one of the least-bad injustices imaginable Ok, I'll admit it, billionaires should not exist at all, there should be a heavy wealth tax that makes it hard to become a billionaire. Will a CEO work less hard if he (and his peers) can only ever gain $100M in net worth before a wealt…
I think if employees feel slighted by being fired, they're fooling themselves. The best mindset is that you could be gone tomorrow. It gives you clarity and purpose. It also happens to be the truth. Coinbase was also extremely generous with severance. 12 weeks plus two for every one year at the company, I think. I've had the experience of being let go without notice and without severance. Devs seem a little more griz…
I find this a bit too cynical.., that said, it's also a good mental spot to not let your job define you define your job as much as possible. You try to make everything that you enjoy on a daily basis(hopefully you still have that possibility). Tasks that grow your skillset, new things, any reason.. so that if you're let go.. there's very few days you didn't profit.
What he ended up with, is obnoxious exchange rates @ Coinbase (triple what credit cards charge), hundreds of thousands of ruined lives, lots of suicides, and $100 million dollar mansion.
What A RECORD.
Don't get me wrong - I would love to live Armstrong's life (although I wouldn't be this shrewd), but as someone who believes in heaven and hell, I definitely would not want to die as Armstrong.
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People keep pointing to Armstrong's $110M house like it's some sort of injustice. If you think billionaires should exist at all, then that's one of the least-bad injustices imaginable Ok, I'll admit it, billionaires should not exist at all, there should be a heavy wealth tax that makes it hard to become a billionaire. Will a CEO work less hard if he (and his peers) can only ever gain $100M in net worth before a wealt…
Why stop at $100M? Why can't $1M be the most?
Earlier quoted context omitted.
People keep pointing to Armstrong's $110M house like it's some sort of injustice. If you think billionaires should exist at all, then that's one of the least-bad injustices imaginable Ok, I'll admit it, billionaires should not exist at all, there should be a heavy wealth tax that makes it hard to become a billionaire. Will a CEO work less hard if he (and his peers) can only ever gain $100M in net worth before a wealt…
Why stop at $100M? Why can't $1M be the most?
Earlier quoted context omitted.
People keep pointing to Armstrong's $110M house like it's some sort of injustice. If you think billionaires should exist at all, then that's one of the least-bad injustices imaginable Ok, I'll admit it, billionaires should not exist at all, there should be a heavy wealth tax that makes it hard to become a billionaire. Will a CEO work less hard if he (and his peers) can only ever gain $100M in net worth before a wealt…
> Will a CEO work less hard if he (and his peers) can only ever gain $100M in net worth before a wealth tax on assets kicks in? He'll certainly work a lot less hard after the wealth tax kicks in.
This actually sounds better than what we have now: monopoly as the end goal.
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Bold claims like this is what make people look like idiots when things turn around. With experience though, you can tell that people who make bold claims like this were always idiots gambling away their credibility, hoping the 50/50 lands in their favour.
I'm struggling to find a good analogy to these crypto boom/bust cycles, where the market continues to survive/thrive after the busts. The closest I can come up with is real estate, but there is a core underlying value in real estate in that people need space to live/work/shop/whatever -- so when speculative bubbles burst, there is pretty significant underlying demand. I have a hard time drawing that parallel the cryp…