Homeowners and local governments block new development, creating artificial scarcity that drives up prices, similar to how luxury brands like LVMH restrict supply to increase value. This "LVMH-ing" of housing makes it unaffordable for younger generations and limits economic mobility.
While children often thrive with the independence and structure of boarding school, the biggest, often unstated, con is the emotional cost to the parent. The parent effectively loses their child from the home years earlier than expected, a difficult reality that should be weighed heavily in the decision.
A mayoral candidate secured a key victory moment in a debate by stating his first trip would be to a local borough, not a foreign country. This demonstrated that focusing on immediate constituent needs resonates more with voters than the performative, global virtue signaling often adopted by opponents.
To justify a high acquisition multiple, a founder must prove the business can operate without them. A powerful tactic is showing an acquirer your calendar to demonstrate that a majority of key clients are managed by the team, not the founder. This de-risks the acquisition and proves the company has true enterprise value.
For decades, the US has benefited from a flexible, low-cost undocumented labor force that performs essential jobs domestic workers avoid. Both political parties have implicitly allowed this system to thrive because it is economically advantageous, creating a class of workers that is documented for profit but not for legal status.
A founder's refusal to grant equity is the primary reason service firms fail to scale and mitigate "key person risk." To attract top talent that can grow the business independently, founders must make employees actual owners. People will only act like owners if they are owners, and equity is the only way to achieve that alignment.