http://www.post-gazette.com/businessnews/19991211freemarkets1.asp
Was the SEC abolished during the Clinton impeachment mess, the OJ trial or during Princess Dee's funeral?
Tom
Jordan Hayes wrote:
> It seems to me that this is what a lot of people on this list have
> been wishing for: a not insignificant redistribution of wealth.
> Much of the inflow for venture capital comes from The Wealthy, with
> high minimums for getting in and long periods to wait for the
> payoffs. Much of the money is spent on labor -- overpriced labor,
> it's true; but plenty of it goes to people with little or "the
> wrong" higher education. $45k as a web programmer beats $8.50/hr
> after three years at Barnes & Noble for a BA in English.
>
> Most startups fail; thus, most stock options are worthless. Which
> is part of the reason why salaries are skyrocketing.
>
> But guess what? Those same people who you worked with in the campus
> bookstore and talked about Marx with on the quad, now that they
> have their jobs in The Valley: they go out and buy Ford Expeditions.
>
> Me? Cynical?
>
> /jordan