[quote]
55 people with less than $60M VC funding can create an app that sends more messages than the global SMS network combined, and be sold for over $19 billion dollar
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As much as we would like to believe this is “easy”, we all know that the percentage of people that actually succeed in pulling this off is a tiny percentage of all the people trying… (and I’m not talking about the technical feasibility of this)….
Not trying to discourage anyone from trying.. But, it would probably be best by also having a plan B…just in case….
But just from personal observation. This country, imho
1) punishes savers that don’t do anything with their earned income.
2) punishes speculators that like to go against the grain of our planned economy
3) encourages people to act financially irresponsible with the expectation that the ones that are responsible should help pay for those that aren’t.
4) Salaried employees probably are in the worst shape in terms of accumulating wealth
*On one hand, you have some wage pressures from cheaper labor
*You’ll have employers that want to either decrease benefits or increase the costs they pass on to you (think health insurance or PTO)
*You’ll probably have more payroll taxes moving forward.. For example, medicare tax surcharge, our nice CA “wealth tax”…
* And you have very little wiggle room to avoid or cirmcumvent any of the previous things mentioned.
And it will get that much harder.. I think fewer and fewer tools will be available to allow individuals to accumulate assets and build net worth..Tax treatments will be gradually removed or phased out.
