1/ Hot Takes: If you're rich and can't successfully deploy your capital in a way that exceeds a 2% wealth tax plus inflation hurdle each year, maybe both your extraordinary talents for capital allocation are overstated.pic.twitter.com/A0vNicbos0
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4/ And if you're rich from physical high-tech? That's cool, too! But you stand on the shoulders of generations of giants and others who probably work for you.pic.twitter.com/oW7o6Z6qfz
5/ None of this is to say that there aren't extraordinary people who work extraordinarily hard and do extraordinary things. But do you really thing the product of such things justifies wealth 500 TIMES more than the median per-capita US household, which is where the tax kicks in?pic.twitter.com/DoKKZ47ajr
6/ Now, I'm not an expert on economics. But, it seems to me like a lot of people defending wealth and the wealthy for Darwinian reasons sure neglect accounting for some necessary conditions. If wealth alone is sufficient for perpetuating itself, what are the selective pressures?pic.twitter.com/IOQdQSIeUM
6/ Again, this is a hot take. But it's no less informed than most of the red-faced punditry. And I get it! If I was in my early 20, I'd be screaming bloody murder about confiscatory something something. But I'm not. And I'm pretty sure the commanding heights have been pwned.pic.twitter.com/VElAPX8Q2j
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