Billionaires need the working class. The working class does not need billionaires.
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Replying to @AOC
... 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.)
378 replies 660 retweets 7,232 likes -
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?
17 replies 2 retweets 222 likes
The situation is about as close to natural law as you get in economics. You can grow a company at a certain rate, you need to sell or give away a certain percent of it in the process, the remaining stock times a market price to earnings ratio > a billion dollars.
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