a day ago
- Reducing economic inequality essentially means taking money from the rich, which diminishes their willingness to take risks.
- Startups are inherently risky and require proportionate rewards; without them, startup creation declines.
- Startups drive technological growth and job creation; eliminating them leads to slower innovation and economic stagnation.
- A better approach is to break the link between wealth and power through transparency and anti-corruption measures, rather than attacking wealth directly.
- Risk and reward are proportional; suppressing inequality suppresses risk-taking, harming economic progress.