Billionaires need the working class. The working class does not need billionaires.
... she typed into her iPhone, and then posted on Twitter. (Lesson: You don't need billionaires per se, but you do need startups, and startups cause billionaires.)
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i think the point in question is: should startups cause billionaires?
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The reason they do is that technology enables them to grow so fast. (That's why there are more billionaires than there used to be.) So essentially you're asking: should companies grow so fast?https://twitter.com/jonerlichman/status/1090723885899792388 …
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We all want to improve society. Capitalism is the single biggest driver to improve life for human beings ever invented. Billionnaires improve society.
End of conversation
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Why do you treat “startups cause billionaires” as if it’s a natural law and not a contingency? Why couldn't we imagine an economy that facilitates startups without allowing huge wage disparity?
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Why do we need billionaires? Why not cap at 100M or so?
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How would this possibly work? You have to forfeit shares if your stock explodes? What happens when the stock the next day tanks. Do you get it back?
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In the 21st century... If you're a gov optimizing for happiness aoc is right. If you're a government optimizing for innovative technical growth paulg is right. So you both are right?
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