551–560 of 1001 posts
> There are other ways to get rich than by starting startups. Some of those do require you to exploit people. But startups are the most common way to become really rich, and if you want to start a successful startup, the key is not exploitation but empathy. What do users really want? To have illegal hotels that then help keep a generation out of home ownership? To have an exchange for cryptographic tokens that are us…
> There are other ways to get rich than by starting startups. Some of those do require you to exploit people. But startups are the most common way to become really rich, and if you want to start a successful startup, the key is not exploitation but empathy. What do users really want? To have illegal hotels that then help keep a generation out of home ownership? To have an exchange for cryptographic tokens that are us…
"To have illegal hotels that then help keep a generation out of home ownership?" To solve this, New York City (basically) banned Airbnb's and home ownership is now famously more accessible in the City? I am not even asking for home ownership + rentals to be solved, I am asking whether it got even slightly better because of this ban? Meanwhile, I can't visit my sister because the regulation cartel..I mean Hotel Lobby…
The housing crisis has multiple causes, regulatory framework which benefits existing homeowners is one of them, capitalists treating houses like the stock market is another, and Laissez Faire hotel market did only make it worse (like a gasoline on a burning fire). Now that the thing that made a bad thing worse has been banned, that does not mean the damage it caused has been fixed, nor does it mean that the other causes have been resolved either.
Earlier quoted context omitted.
What if -- bear with me here -- it's possible for bright, motivated founders to create startups that your kids can work in, but those founders could be content with merely making a hundred million dollars? Because, and I don't know if you know this so you may have to take it on faith, that is still so much money that said founder and their family and very likely their descendants can live in extreme luxury for the re…
> But those founders be content with merely making a hundred million? What does this mean? Without some insane wealth tax this is literally impossible. No founder chooses to become a billionaire. They just keep growing a business that is solving a billion dollar problem. The only other was is if after 100M they start turning down customers or restricting services.
It might be that if personal wealth alone were (effectively, by taxation) capped to $100m, we would still have exactly as much collective wealth, innovation, and value creation as we do today. Possibly more, because of more wealth distributed onto shared infrastructure and into the fluid economy.
> There are other ways to get rich than by starting startups. Some of those do require you to exploit people. But startups are the most common way to become really rich, and if you want to start a successful startup, the key is not exploitation but empathy. What do users really want? To have illegal hotels that then help keep a generation out of home ownership? To have an exchange for cryptographic tokens that are us…
"To have illegal hotels that then help keep a generation out of home ownership?" To solve this, New York City (basically) banned Airbnb's and home ownership is now famously more accessible in the City? I am not even asking for home ownership + rentals to be solved, I am asking whether it got even slightly better because of this ban? Meanwhile, I can't visit my sister because the regulation cartel..I mean Hotel Lobby…
It is well studied that many startups succeed by intentionally operating in gray areas or otherwise flouting rules/norms.
> There are other ways to get rich than by starting startups. Some of those do require you to exploit people. But startups are the most common way to become really rich, and if you want to start a successful startup, the key is not exploitation but empathy. What do users really want? To have illegal hotels that then help keep a generation out of home ownership? To have an exchange for cryptographic tokens that are us…
"To have illegal hotels that then help keep a generation out of home ownership?" To solve this, New York City (basically) banned Airbnb's and home ownership is now famously more accessible in the City? I am not even asking for home ownership + rentals to be solved, I am asking whether it got even slightly better because of this ban? Meanwhile, I can't visit my sister because the regulation cartel..I mean Hotel Lobby…
I don't know about home ownership - but not having random strangers in the building at random hours of the day/night is a definite improvement.
>the regulation cartel..I mean Hotel Lobby has spiked pricing
Does supply/demand pricing not apply to hotel rooms?
Earlier quoted context omitted.
His entire essay is just based on a purposeful misreading of the opposing point. It's a straw man. And if you look at his history it's obviously intentional and part of his usual style of argument. The actual opposing argument is that it's impossible to create a billion dollar enterprise without a group effort, and for one person to end up with a billion dollars necessarily means that they made decisions within that…
> it's impossible to create a billion dollar enterprise without a group effort George Lucas made a movie with a (small) group effort. But what made a billion dollars is his Star Wars universe which is almost entirely his creation. It literally creates wealth for other people. If my toy sells $10,000 without Star Wars and $100,000 with it, did I participate in making George’s billion, or am I benefiting from it? > mea…
Well yes. That is in fact exactly what I mean.
Earlier quoted context omitted.
What if -- bear with me here -- it's possible for bright, motivated founders to create startups that your kids can work in, but those founders could be content with merely making a hundred million dollars? Because, and I don't know if you know this so you may have to take it on faith, that is still so much money that said founder and their family and very likely their descendants can live in extreme luxury for the re…
> But those founders be content with merely making a hundred million? What does this mean? Without some insane wealth tax this is literally impossible. No founder chooses to become a billionaire. They just keep growing a business that is solving a billion dollar problem. The only other was is if after 100M they start turning down customers or restricting services.
> There are other ways to get rich than by starting startups. Some of those do require you to exploit people. But startups are the most common way to become really rich, and if you want to start a successful startup, the key is not exploitation but empathy. What do users really want? To have illegal hotels that then help keep a generation out of home ownership? To have an exchange for cryptographic tokens that are us…
There are plenty of honest millionaires, but no honest billionaires.