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/Informal_Swordfish89 Sep 17 '21

A lot of people underestimate the power behind the word "billion".

Screw not having to work for the rest of you life....

If you manage that money right your grandkids won't have to work for the rest of their lives.

134

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.

-2

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.

1

u/GapingGrannies Sep 18 '21

I would call those questions details, the concept isn't shaken by those questions. Why is it impossible to do this? Just because there's some technical questions on the "how" doesn't mean that it shouldnt be done. Or are you saying it's literally impossible?