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Discussion and Debate
Discussion and Debate
Ethics & Morality
4 Day Work Week
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<blockquote data-quote="DogmaHunter" data-source="post: 71435523" data-attributes="member: 346237"><p>Sorry, but that "romantic" version of the "land of opportunity" is simply a delusion.</p><p></p><p>The fact of the matter is that NOT "<em>anyone who chooses to take advantage of it</em>" is capable of doing so. Generally, those people who get to take the plunge of starting a company, are people who have a safety net. These are people that already START OUT with money.</p><p></p><p>A buddy of mine is also a founder of his own company. But the guy's parents are rich. When we left school, the dude already had a 5 digit figure on his bank account. Mine had 3.</p><p></p><p>Last year, his company ran into some cashflow problems. He had 22 employees to pay and no money. There was enough revenue on paper, but the money wouldn't be coming in for another 2 months - and it was also conditional on a job well done. So he went ahead and assumed the job would be well done and decided to "borrow" his company the required money from his private account. So he decided on a whim that he'ld just ransfer €100.000.</p><p></p><p>If my company would run into such a problem, it would be like a really really really big problem. We'ld be forced to beg our employees to be patient for 2 months till we get some new funds. Or we'ld have to go beg to a bank for a ridiculously expensive loan that would simply postpone the problem.</p><p></p><p>It is ridiculously untrue that you can be "whoever you want to be" in the US.</p><p>And that's not even counting all the things that the rich can do to avoid paying taxes in proportion to their income.</p><p></p><p>There's this saying that it takes money to make money. It certainly is correct.</p><p>The less money you have, to more insanely brilliant you need to be in order to build a succesfull business. If you have the money in advance, you can just "buy" your business.</p><p></p><p>Believe me, I've been there.</p><p>One of our competitors sits on a gigantic pile of cash. When there are deals to be done or sales to be made, we show up in our regular clothes driving our regular cars and demonstrate our awesome product on a regular laptop.</p><p></p><p>Those other guys, not so much... They drive up in a fat beemer wearing their armani suits, take the prospect out for a diner at a fancy restaurant and stuff them with Dom Perignon while showing a fake smile revealing fake white shiny teeth and when they are drunk enough, then they show them their crappy product.</p><p></p><p>We are doing very well against them because we have put in a LOT of effort in our product and our product is now clearly superior to theirs. But it wasn't always like that. And while it has always been better... it is very hard to go up against such people - no matter how much better you are. Those who can wave around dollar bills, always are at the advantage.</p><p></p><p></p><p></p><p>Because they could. The not-rich aren't capable of taking such a plunge into the dark most of the time.</p><p></p><p>A rich guy who fails in his business adventure, is still rich.</p><p>A normal middle class person, loses everything he has. Because the company is all he has.</p><p></p><p>In short: rich people have everything to gain and almost nothing to lose.</p><p></p><p></p><p></p><p>And money. Don't forget the money.</p><p></p><p>When we started out, our very first move was to hand over 30% of the company to an investor. We had no other choice. It was either accepting funding, or simply not having the budgets to realise this business.</p><p></p><p>Would have been a completely different story if my mom and dad would have given me a quarter million after finishing school. My company would also already have been twice the size of what it is now. So would my paycheck.</p><p></p><p>Money makes money.</p><p></p><p></p><p>EDIT: sorry for the off topic rant, but this particular subject really bothers me <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p></blockquote><p></p>
[QUOTE="DogmaHunter, post: 71435523, member: 346237"] Sorry, but that "romantic" version of the "land of opportunity" is simply a delusion. The fact of the matter is that NOT "[I]anyone who chooses to take advantage of it[/I]" is capable of doing so. Generally, those people who get to take the plunge of starting a company, are people who have a safety net. These are people that already START OUT with money. A buddy of mine is also a founder of his own company. But the guy's parents are rich. When we left school, the dude already had a 5 digit figure on his bank account. Mine had 3. Last year, his company ran into some cashflow problems. He had 22 employees to pay and no money. There was enough revenue on paper, but the money wouldn't be coming in for another 2 months - and it was also conditional on a job well done. So he went ahead and assumed the job would be well done and decided to "borrow" his company the required money from his private account. So he decided on a whim that he'ld just ransfer €100.000. If my company would run into such a problem, it would be like a really really really big problem. We'ld be forced to beg our employees to be patient for 2 months till we get some new funds. Or we'ld have to go beg to a bank for a ridiculously expensive loan that would simply postpone the problem. It is ridiculously untrue that you can be "whoever you want to be" in the US. And that's not even counting all the things that the rich can do to avoid paying taxes in proportion to their income. There's this saying that it takes money to make money. It certainly is correct. The less money you have, to more insanely brilliant you need to be in order to build a succesfull business. If you have the money in advance, you can just "buy" your business. Believe me, I've been there. One of our competitors sits on a gigantic pile of cash. When there are deals to be done or sales to be made, we show up in our regular clothes driving our regular cars and demonstrate our awesome product on a regular laptop. Those other guys, not so much... They drive up in a fat beemer wearing their armani suits, take the prospect out for a diner at a fancy restaurant and stuff them with Dom Perignon while showing a fake smile revealing fake white shiny teeth and when they are drunk enough, then they show them their crappy product. We are doing very well against them because we have put in a LOT of effort in our product and our product is now clearly superior to theirs. But it wasn't always like that. And while it has always been better... it is very hard to go up against such people - no matter how much better you are. Those who can wave around dollar bills, always are at the advantage. Because they could. The not-rich aren't capable of taking such a plunge into the dark most of the time. A rich guy who fails in his business adventure, is still rich. A normal middle class person, loses everything he has. Because the company is all he has. In short: rich people have everything to gain and almost nothing to lose. And money. Don't forget the money. When we started out, our very first move was to hand over 30% of the company to an investor. We had no other choice. It was either accepting funding, or simply not having the budgets to realise this business. Would have been a completely different story if my mom and dad would have given me a quarter million after finishing school. My company would also already have been twice the size of what it is now. So would my paycheck. Money makes money. EDIT: sorry for the off topic rant, but this particular subject really bothers me :-) [/QUOTE]
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