> 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.
Well fortunately we read Marx carefully and know that those people ain't as responsible for increasing inequality as the Bill Gates and Donald Trumps of the world...
Steve
>
> Me? Cynical?
>
> /jordan
>