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Easy to dream big when you personally have billions of dollars. Normal people in the US aren't dreaming big or able to fail and take risks. If anything Europe has tons of social safety nets for people to make risky choices.

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I have several friends that immigrated from Europe, and they've all made comments about their respective countries that suggest that's not really the case in practice.

Sounds great in theory, but in practice we observe the opposite. Turns out having an bigger reward for taking a risk is a better motivator than having a softer cushion to land on if you fail...

You're both right. Having bigger risk/reward spread leads to more success cases and more broken people who risked everything and failed.

Exactly. You remove the ceiling, but also the floor.

That benefit only exists for the already rich that can tolerate that risk. Who comes from actual modest beginnings and started a company that became successful recently?

Here were talking Elon who was already wealthy and managed to fail upward after making money getting fired from one of the first companies he was involved in.

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