6 ms·
Imagine if you distributed gains according to contribution. In our system capital is disproportionately rewarded. IMO, carried interest should be rewarded less
by yeahitslikethat 7y ago
Imagine if you distributed gains according to contribution. In our system capital is disproportionately rewarded.
IMO, carried interest should be rewarded less than labor.
I mean really, if you're just sitting there drawing interest on great grandpa's labor's capital, why is that better than getting up and going to work everyday?
- kqr 7y agoFlipping the argument around: if the labour capital you earn today will be worth just as much as if you earn it tomorrow, why go the extra mile now, when you may just as well postpone it?
- yeahitslikethat 7y agoThat's not a valid flip, because: inflation.
- kqr 7y agoYou are aware that just makes my point even stronger, right? Thanks to inflation, the labour capital I earn today is worth even less than the same capital earned tomorrow.
- yeahitslikethat 7y agoInflation is by design. Currency derives from current, meaning: to flow. Currency is not meant to be a store of value. We don't want people to horde currency. Bitcoin just misses the point of being a currency all together.
- lordnacho 7y ago> Imagine if you distributed gains according to contribution. Dividing that cake is harder than you think. The whole point of working together is to get more than people can get individually, so how do you come up with a formula?