David49
SMEs. Many are not that small I don’t know how many employees is the most that qualify. Clearly a haulage business has to employ a driver for every truck, the owner is usually the manager and may have 10 trucks. Even Elon Musk started as an SME, most stay as an SME a few grow into big companies.
Musks wealth is entirely the value based on the company shares, the value the stock market puts on them, he obviously needs a lot of employees to run the companies, making the products we want to buy.
How does Musk spend $300 billion the answer is he doesn’t, Bill Gates gives most of it away to charity. Capitalism means individuals accumulate wealth, all wealth controlled by the state has been tried and failed USSR, Cuba and Venezuela.
There is no incentive to work so everyone is worse off, China although a communist state does allow personal wealth if you follow the party rules. Those that abhor wealth really would not like living in a communist state where wealth doesn’t exist.
How does Musk spend $300 billion the answer is he doesn’t, Bill Gates gives most of it away to charity. Capitalism means individuals accumulate wealth, all wealth controlled by the state has been tried and failed USSR, Cuba and Venezuela.
Seriously? Is anyone on here who opposes Capitalistic greed suggesting the alternative economic model should be the same as the above three - USSR, Cuba and Venezuela? Why are these always wheeled out as the only alternative?
How about the mixed economy model with both privately and publicly owned enterprises? Similar to that of the Nordic countries -Denmark, Finland, Iceland, Norway, Sweden?
Highly developed economies that combine the welfare state with free, good quality education and healthcare - with open markets... low tariffs and minimal trade barriers.
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