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This is a YC bubble view if there ever was one. The majority of billionaires didn’t start tech companies and aren’t brilliant at math. Around the world, the overwhelming majority of wealth is created by aggressive exploitation, not creative innovation.
I agree with the second sentence. I'd agree with the third if instead of "wealth is created by" you'd written "large fortunes are due to," which I think is what you meant. I believe that refutes the first.
Let me understand, so you agree that agressive exploitation is one of the roots of billionaires. 0 founders of startups are billionaire. I mean Facebook at this point is a corporation not a startup In resume I think being ultra rich is linked to be evil. Note the ULTRA
All wealth is born from disciplined execution of creative thought. This stage is a small portion of total wealth. The majority of wealth growth occurs in a mature state. This stage is defined less by exceptional activity and more by rent-seeking chicanery. Agree?
What if it’s better for society (all of us) when someone worth $100B pays let’s say $25B in taxes vs $10B from econ growth standpoint. It’s still lower avg income taxes. We know trickle down doesn’t work. Demand drives investments. Not cash on hand (see post 2008 recovery)
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