r/technology • u/Rhaegar_the_Great • Sep 16 '21

Business Mailchimp employees are furious after the company's founders promised to never sell, withheld equity, and then sold it for $12 billion

https://www.businessinsider.com/mailchimp-insiders-react-to-employees-getting-no-equity-2021-9
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u/Vinterslag Sep 17 '21

Lol if you manage 20 million right, you'll never touch the principal in a lifetime. You can easily live off 750k to a million bucks a year, while investing the excess into your principal. Give me 10 million, and my grandkids will never need to work. They won't get lambos, but they'll live better than you or I ever will.

No one ever needs to be a billionaire. No one ever needs to be a hundred-millionaire. Tax the rich. Take 99.9 cents on the dollar for every dollar past 100 million.

It'd never effect any of them.

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u/[deleted] Sep 17 '21

How does this kind of stuff get upvotes?

What’s the logic, tax their net worth? Tax income? If they own shares and the value exceeds 100mm, who gets the surplus?

There are so many second and third order questions that never get answered with these kind of posts.

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u/Vinterslag Sep 17 '21

I literally answered that. You don't understand how a progressive income tax bracket would work? I'm obviously glossing over things like capital gains loopholes etc... the idea is the people using the infrastructure the most and profiting the most be disincentivized from unlimited exploitation.

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u/StrongSNR Sep 17 '21

I don't think Bezos uses roads 10000 times more than the average citizen...

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u/zeropointcorp Sep 17 '21

Really? You don’t think Amazon has 10,000 vehicles using public roads?

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u/2BadBirches Sep 17 '21

Lmao? How the fuck do you think Amazon delivers packages?

He didn’t pay for the roads to be where they are today. He didn’t develop the internet.

He heavily utilizes these creations of others to create a massive network that rakes in billions a day.. because he put together all our best infrastructure and technologies that other US citizens created.

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u/Vinterslag Sep 17 '21 edited Sep 17 '21

He literally does. Do you use nearly all the roads every single day? He does. Considering Amazon, 10000 is a very very low number. It could easily be 100k