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
This is the legacy version of twitter.com. We will be shutting it down on June 1, 2020. Please switch to a supported browser, or disable the extension which masks your browser. You can see a list of supported browsers in our Help Center.
You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
Add this Tweet to your website by copying the code below. Learn more
Add this video to your website by copying the code below. Learn more
By embedding Twitter content in your website or app, you are agreeing to the Twitter Developer Agreement and Developer Policy.
| Country | Code | For customers of |
|---|---|---|
| United States | 40404 | (any) |
| Canada | 21212 | (any) |
| United Kingdom | 86444 | Vodafone, Orange, 3, O2 |
| Brazil | 40404 | Nextel, TIM |
| Haiti | 40404 | Digicel, Voila |
| Ireland | 51210 | Vodafone, O2 |
| India | 53000 | Bharti Airtel, Videocon, Reliance |
| Indonesia | 89887 | AXIS, 3, Telkomsel, Indosat, XL Axiata |
| Italy | 4880804 | Wind |
| 3424486444 | Vodafone | |
| » See SMS short codes for other countries | ||
This timeline is where you’ll spend most of your time, getting instant updates about what matters to you.
Hover over the profile pic and click the Following button to unfollow any account.
When you see a Tweet you love, tap the heart — it lets the person who wrote it know you shared the love.
The fastest way to share someone else’s Tweet with your followers is with a Retweet. Tap the icon to send it instantly.
Add your thoughts about any Tweet with a Reply. Find a topic you’re passionate about, and jump right in.
Get instant insight into what people are talking about now.
Follow more accounts to get instant updates about topics you care about.
See the latest conversations about any topic instantly.
Catch up instantly on the best stories happening as they unfold.
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
2/ Like, if you're a wealthy boomer, you lived through a unique historical moment that rewarded wealth — in particular equity — with some pretty puzzling premiums. Your grit and talent may have played a roll, of course, but so did the rising tide.pic.twitter.com/Tmhq7BCMsk
3/ And if you're rich from tech: great! But a lot of that was just perverse network effects that you managed to capture, probably at the detriment of a more open and healthy web.pic.twitter.com/WwvA6zp9aC
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
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.