Comment by tancop
2 hours ago
> Every company whose original creator dies must be converted into a public company within 20 years of founder's death
if public company means employee owned (instead of publicly traded or state owned) then im all for it. if the founders family are good managers they can easily convince their workers to let them keep running things.
you dont deserve a job or a fortune just because your parents did a lot of hard work before you were an adult. you got to prove yourself and be better than the rest, thats what capitalism is all about right?
What do you mean that's what capitalism is about? It's about capital. It doesn't asks where you get that capital - if you have $100,000 that you inherited vrs $100,000 you earned, JPM will still see it as just $100,000. So yes, by capitalism, if your parents did a lot of hard work and saved the capital and gave it to you, you have it. Where does it make a moral judgement that it's wrong to have inheritance or right to earn it by the bootstraps?
And no, I mean every trade secret of the company should become public and anyone should be able to create its products and brands. Basically, do to them what you propose to do to writers and artists - why must their families benefit from their work?