For whoever has, to him more will be given, and he will have abundance

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Quote from: killerfrost on May 26, 2023, 07:57:12 AM

Quote from: alastantiger on May 25, 2023, 06:17:05 PM

(...) Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

not sure if I'm understanding the OP's question correctly about people's interest in something, the issue should be based on multiple perspectives and the fact that the value of the product (which has been and is being recognized) from someone) to compare the scale then I think it's easy to visualize. An example that you mentioned from Elon Musk, and I also know that to have such success, he also had to put in a lot of effort to get results, it is better to compare the process of they do not look at the current results to compare and argue without logic. As for the interest of small corporations or individuals, what is their difference in the competitive economic and technological environment or in many different fields?, I believe a product has a price Development values for people will always be received over time and vice versa.

Buddy, you're firing some heavy economic artilery! Nailing the target, you're saying interests are multifaceted. Deciding between a pizza or a burger isn't a flip of a coin; tastes, health factors, even the whim of the day have a say. Speaking of Musk, the guy didn't magically turn into a billionaire overnight - he battled for it, hard. Looking at his success through the current snapshot? Unfair, it doesn't capture the rollercoaster ride he took to the top.

Regarding small entities and individuals, their interests are as varied as the toppings you can get on a New York slice. Each participant in this massive economic symphony plays their own tune, regardless of the field they're in. And, on the topic of products and their value evolution, it's an endurance race, pal. Just like a vintage Bordeaux, it needs time to mature. It may not be a hit straight out of the gate, but with time and constant evolution, it can connect with its market and taste triumh.

Davidvictorson

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The government of today knows that they rich will do everything within their powers to stay rich. They know that where they fail in tes of employment only the rich can build a billion dollars factory and employ thousands of workers which will reduce the burnden of unemployment on their end while making the economy better. They also know that if they do not provide the rich with the necessary favourable polices and an enabling environment to do business, they'll leave the country a d take their factory somewhere and go make that land rich. So that is why we see they support government give the rich especially the industrialist. They are valuable to them. So they keep getting richer by the day.

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Quote from: disconnectme on May 28, 2023, 12:19:48 AM

This is very true, and it is called Mathew effect, the rich become richer and the poor become poorer, this is the reason we all need to strive to leave the level of poverty and secure our financial freedom. If Elon for example wants to secure a loan from a bank, he doesn't need collateral becuase of his personal recognistion and again banks will be jumping up and down to finance his idea but when it comes to normal man, the will demand credit worthiness and collateral because the chance of him not succeeding in his business is high, this is why the gap between the poor and the rich will contniue to be wider

This is why the rich often say that their first million is always the hardest to get, as at the time they need to overcome all kind of hurdles to reach that point, but once they do then things become way easier, as now when they go to the bank they can talk to the executives and get a loan in a matter of minutes, since now they know each other and they move on the same circles, and as such getting loan which was a very difficult proposition not long ago becomes incredibly easy once they enter that circle.

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Maybe it's because the government sees that the person has something that the government wants so the government gives a lot of things to the person and the company. We don't know what Elon received from the US government, but it was something Elon had a hard time avoiding.

And if other individuals only have financial resources, the government is still watching them and maybe the government is preparing them to become like Elon one day. And the government only chooses people with a good record in their business and then offers cooperation in various fields.

And for people who get offers of assistance from the government, they can develop their businesses to become bigger. That means that person will be increasingly famous in many business fields. Meanwhile, the government will offer assistance to other people who also have the same potential.

uswa56

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Quote from: irhact on May 30, 2023, 03:41:11 AM

Quote from: sana54210 on May 28, 2023, 03:49:50 PM

It could be by working with other projects, it could be your previous projects, it could be you doing some marketing for them like social media manager, it doesn't matter what the reason is, just build a whole community around yourself that follows your steps. After that, all you have to do is just focus on how you could end up with a profit when the time comes and build something that will profit you and your team.

Having a network also plays an important role as Elon Musk has lots of following and I'm not just talking about his online audience. Elon Musk has a good record when it comes to doing business and he also understand the power of having loyal followers which is why he's building his online audience as he already have conquered the business world. I haven't seen a billionaire as active as Elon musk online.

His popularity and business success is what is making him look favored in our eye but I believe he does deserved all that he's receiving. Anybody heard about his perfume brand called Burnt Hair that sold out in just few hours of launching and a bottle cost about $100.

I think it's only natural that with what he has done, he deserves to be at the point he is now, and everything that is currently happening to Elon Musk, of course, has reasons that he has tried from a long time ago to be able to make many people like him.
building relationships, self-quality and other things is very difficult at first and not everyone has the ability to do that and all of this is inseparable from hard work to get to the point like Elon Musk is now.

irhact

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Quote from: sana54210 on May 28, 2023, 03:49:50 PM

It could be by working with other projects, it could be your previous projects, it could be you doing some marketing for them like social media manager, it doesn't matter what the reason is, just build a whole community around yourself that follows your steps. After that, all you have to do is just focus on how you could end up with a profit when the time comes and build something that will profit you and your team.

Having a network also plays an important role as Elon Musk has lots of following and I'm not just talking about his online audience. Elon Musk has a good record when it comes to doing business and he also understand the power of having loyal followers which is why he's building his online audience as he already have conquered the business world. I haven't seen a billionaire as active as Elon musk online.

His popularity and business success is what is making him look favored in our eye but I believe he does deserved all that he's receiving. Anybody heard about his perfume brand called Burnt Hair that sold out in just few hours of launching and a bottle cost about $100.

TheGreatPython

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Quote from: hannahB4 on May 28, 2023, 05:04:16 PM

Quote from: alastantiger on May 25, 2023, 06:17:05 PM

Quote

For whoever has, to him more will be given, and he will have abundance - Matthew 13:12 NKJV

I am not an economist or business expert, but I have observed that the quoted text from the Holy book holds true in real life. An example of this is Elon Musk. He possesses substantial wealth, investors, and other resources, yet the US government continues to provide funding for his companies, SpaceX and Tesla, while smaller struggling companies with limited funds receive little to no support. In fact, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying. On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

- https://qz.com/elon-musks-spacex-and-tesla-get-far-more-government-mon-1850332884

Though the bible significantly talked about this but is not for everybody, you don't really know what transpired between the US government and him during his early years, sometimes we look at things at face value and neglect some other factors. But if this is true according to your write up then Elon Musk is favored.

I once heard him talking about his story of life in a video, and he said that there was a point in his life when he got bankrupt trying to build a company or something, but he never gave up, tried some different ways and also got some help from a brother or someone he mentioned and then he managed to get success with his company and got a lot of money.

So he obviously didn't get any assistance from the government in his initial days, if he did, he would probably mention that, or can't he? Whatever it is, I'm pretty sure that the government does all this for their own benefit obviously.

bettercrypto

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Quote from: dothebeats on May 25, 2023, 07:44:19 PM

Maybe, just maybe, because the government believes they can utilize Musk's businesses to a certain extent. That's why they are supporting his businesses when he needs funding. Also, they know that Musk can generally get the money somewhere else through his assets so they can basically just give him whatever he wishes and it'll be at his doorstep when he wants to. There are a lot of perks when your business is literally a multi-billion dollar one with technologies that the government might be interested on. Also, these businesses failing might also translate to a lot of economic damage, so instead of letting it fail, the government can just go ahead and spend a little here and there to save it.

In that matter we don't really know the root and end of the reason, as long as the only thing I know right now is that the US government will find a way for them to benefit from the businesses of others just like the well-known businessmen who billionaire.

Because the US nation today is actually deep in debt. Which I don't think they can afford anymore to be honest. Of course, only in Elon Musk's businesses, it is a big benefit to the US government, first of all there is the tax of course.

Fortify

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Quote from: alastantiger on May 25, 2023, 06:17:05 PM

Quote

For whoever has, to him more will be given, and he will have abundance - Matthew 13:12 NKJV

I am not an economist or business expert, but I have observed that the quoted text from the Holy book holds true in real life. An example of this is Elon Musk. He possesses substantial wealth, investors, and other resources, yet the US government continues to provide funding for his companies, SpaceX and Tesla, while smaller struggling companies with limited funds receive little to no support. In fact, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying. On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

You don't need to be an expert or read a holy book to see the obvious. People who have accumulated huge amounts of wealth often do not spend more than they make each year, so even if their money wasn't invested they it would still grow just through brute force saving. However most super rich own large chunks of single companies, or they are more likely to cash out and diversify into many companies via the stock market. When you learn more about finances and take in lots of sources of real education, it all starts to make sense. While those grants and subsidies can help, generally companies offered those are already in extraordinarily good circumstances and it's more like an act of begging by governments to get them to stay in a certain place.

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Quote from: alastantiger on May 25, 2023, 06:17:05 PM

Quote

For whoever has, to him more will be given, and he will have abundance - Matthew 13:12 NKJV

I am not an economist or business expert, but I have observed that the quoted text from the Holy book holds true in real life. An example of this is Elon Musk. He possesses substantial wealth, investors, and other resources, yet the US government continues to provide funding for his companies, SpaceX and Tesla, while smaller struggling companies with limited funds receive little to no support. In fact, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying. On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

- https://qz.com/elon-musks-spacex-and-tesla-get-far-more-government-mon-1850332884

Though the bible significantly talked about this but is not for everybody, you don't really know what transpired between the US government and him during his early years, sometimes we look at things at face value and neglect some other factors. But if this is true according to your write up then Elon Musk is favored.

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Quote from: irhact on May 26, 2023, 08:39:17 AM

Quote from: alastantiger on May 25, 2023, 06:17:05 PM

On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

If you have a good track record of success then people will be drawn to investing in your projects. You'll have access to funding that others can't get access to and your business will always receive high praises because you have laboured and made yourself successful in the past. Your business might not be the best in the sector it's operating but you'll always get the most profits.

You can't trust someone that hasn't proven that he can be successful and betting on that individual is more riskier than betting on someone who has carry many companies into multi million companies. But to have this favor, you have to be offering something unique.

I think it is about building network. It doesn't even have to be you managing other projects before, it just needs to be positive influence over others, no matter how you do it. Hell there was a porn star called lana rhoades who made NFT and sold it for so much money and got away with it, all because she had positive influence on people.

It could be by working with other projects, it could be your previous projects, it could be you doing some marketing for them like social media manager, it doesn't matter what the reason is, just build a whole community around yourself that follows your steps. After that, all you have to do is just focus on how you could end up with a profit when the time comes and build something that will profit you and your team.

Cling18

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The passage from the Bible doesn't seem to have anything to do with or even be relevant to the issue regarding government backing for Elon Musk and other companies. We all understand that the government supports and protects large businesses, or whales since they profit from them. Since Elon Musk pays a lot of taxes, the government would gain greatly from supporting his firms as well as those of other large corporations.
Since the government aren't benefiting so much from small businesses, there's no sense supporting them as they couldn't gain huge enough in return. The logic here is that, the government values huge capitalists more than small businesses which is common and has been happening for a long time. Money is power so no wonder why the government look up to the richest business owners.

romero121

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Quote from: disconnectme on May 28, 2023, 12:19:48 AM

This is very true, and it is called Mathew effect, the rich become richer and the poor become poorer, this is the reason we all need to strive to leave the level of poverty and secure our financial freedom. If Elon for example wants to secure a loan from a bank, he doesn't need collateral becuase of his personal recognistion and again banks will be jumping up and down to finance his idea but when it comes to normal man, the will demand credit worthiness and collateral because the chance of him not succeeding in his business is high, this is why the gap between the poor and the rich will contniue to be wider

When a person gets transition from one level to another, we'll be able to see his connections change. This is how businesses connect. Beyond certain point the businesses always gets interchanged between the specific connections in the upper circle. This is how rich gets richer and the poor gets poorer. Upto certain level it is really hard to reach beyond that, connections itself will uplift as well as give hands on unexpected downfall. As in the post above, to get a loan a common man have to go through big process. The person going for the second time the procedure will be less, if the person going for loan have elevated his level than the past.

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Quote from: Silberman on May 27, 2023, 07:05:05 PM

Quote from: alastantiger on May 25, 2023, 06:17:05 PM

Quote

For whoever has, to him more will be given, and he will have abundance - Matthew 13:12 NKJV

I am not an economist or business expert, but I have observed that the quoted text from the Holy book holds true in real life. An example of this is Elon Musk. He possesses substantial wealth, investors, and other resources, yet the US government continues to provide funding for his companies, SpaceX and Tesla, while smaller struggling companies with limited funds receive little to no support. In fact, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying. On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

- https://qz.com/elon-musks-spacex-and-tesla-get-far-more-government-mon-1850332884

There could be several explanations for the example you are giving, Musk could simply have good relationships with those politicians and since his business is a good one then they are not afraid to give him all the grants he may want, another possibility is that they see on the companies of Musk a way to get access to technologies they may not have access otherwise, they may also support Musk in order to counter the progress of other countries like China, there could be something else going on like corruption or bribes, so as you can see no one really knows the answer to that question for sure, but it is not difficult to imagine the different scenarios which make this possible.

To have good relations with politicians, he also spent a lot of effort and money to achieve it. It can be said that it is his wisdom and unique business strategy that has created different results. And in return, when the government decided to help his business, they calculated it in their favor. They take advantage of Elon's intelligence to create superior technologies for the country and inhibit the progress of other countries, as you say. It can be said that this is just a win-win cooperation, no one helps others without receiving any benefits in return.

ethereumhunter

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I am not an economist but I feel that many rich people are willing to give more than others because they believe that supporting many things will also support their company. Maybe Elon has a big backing behind his company but we don't know who the supporter is. And we know that Elon worked in many businesses, making him famous and popular. In comparison, other small companies do not get support from many people or the government. I don't know. That's just my estimate because I also don't know why Elon can get so many things, including support.

irhact

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Quote from: Accardo on May 26, 2023, 02:18:10 PM

Taking it from a cryptocurrency point of view, bitcoin is already big in market capitalization and more people still put in money into it, while some altcoins are seeing massive decline of investors. The advise all over the market is to invest on coins that have proven to be profitable on the long run. Similar to what is happening in other businesses. Elon's businesses would bring profits to the investors that's why they're contributing more money into the project and he's building fresh technologies that has been rampant in the tech world. So, it's sure that it'll progress and succeeds, these investors take calculated risks and don't love throwing money on businesses that doesn't guarantee profits.

That's very correct and to add more, we have so many altcoins just as we have so many new business builders with good ideas but many altcoins will fail thereby losing investors money and same thing happens in the business world. Altcoins failing mightn't mean the projects ideas weren't good but they lacked marketing to let people know about the projects and same thing happens to new business.

Business owners will only give their money to someone who they know can double their money for them. Elon musk has a reputation for success just as Cz, the founder of Binance exchange has a reputation for giving new project success through Binance launchpad.

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This is very true, and it is called Mathew effect, the rich become richer and the poor become poorer, this is the reason we all need to strive to leave the level of poverty and secure our financial freedom. If Elon for example wants to secure a loan from a bank, he doesn't need collateral becuase of his personal recognistion and again banks will be jumping up and down to finance his idea but when it comes to normal man, the will demand credit worthiness and collateral because the chance of him not succeeding in his business is high, this is why the gap between the poor and the rich will contniue to be wider

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Quote from: alastantiger on May 25, 2023, 06:17:05 PM

Quote

For whoever has, to him more will be given, and he will have abundance - Matthew 13:12 NKJV

I am not an economist or business expert, but I have observed that the quoted text from the Holy book holds true in real life. An example of this is Elon Musk. He possesses substantial wealth, investors, and other resources, yet the US government continues to provide funding for his companies, SpaceX and Tesla, while smaller struggling companies with limited funds receive little to no support. In fact, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying. On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

- https://qz.com/elon-musks-spacex-and-tesla-get-far-more-government-mon-1850332884

There could be several explanations for the example you are giving, Musk could simply have good relationships with those politicians and since his business is a good one then they are not afraid to give him all the grants he may want, another possibility is that they see on the companies of Musk a way to get access to technologies they may not have access otherwise, they may also support Musk in order to counter the progress of other countries like China, there could be something else going on like corruption or bribes, so as you can see no one really knows the answer to that question for sure, but it is not difficult to imagine the different scenarios which make this possible.

BitDane

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Quote from: alastantiger on May 25, 2023, 06:17:05 PM

Quote

For whoever has, to him more will be given, and he will have abundance - Matthew 13:12 NKJV

I am not an economist or business expert, but I have observed that the quoted text from the Holy book holds true in real life. An example of this is Elon Musk. He possesses substantial wealth, investors, and other resources, yet the US government continues to provide funding for his companies, SpaceX and Tesla, while smaller struggling companies with limited funds receive little to no support.
In fact, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying. On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

- https://qz.com/elon-musks-spacex-and-tesla-get-far-more-government-mon-1850332884

One reason is that his project is into space exploration and will give the country greatness on things that were discovered during the exploration. I bet there are also terms of acquisition if there are new materials discovers in space.

I don't think government does not offer assistance to starting company. I believe they have programs to cater the needs of company and dependent on the negotiation, the company may or may not get financial assistance from the government. It is that the news does not announce to the public when the government give aid on small company because it won't attract many readers. In addition, in my country there are government programs that gives financial aid to business start-ups.

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Quote from: alastantiger on May 25, 2023, 06:17:05 PM

I am not an economist or business expert, but I have observed that the quoted text from the Holy book holds true in real life. An example of this is Elon Musk. He possesses substantial wealth, investors, and other resources, yet the US government continues to provide funding for his companies, SpaceX and Tesla, while smaller struggling companies with limited funds receive little to no support. In fact, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying. On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

In situations like this, I don’t think the government will invest all in a private company and still help them in subsidizing taxes without them having some percentage of share with them. This is a capitalist system of government and we can only see what they show to us while the main picture is hidden from us. Small businesses that have such ideas and cannot fend for themselves or cannot get some share for the government also are mostly being clamped down and not allowed to grow in order not to become a worthy contestant with them in the city or country.

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