@paulg Only compassion & generosity can combat the rising tide of inequality. True wealth is happiness which comes from giving. @PledgeOne
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@Benioff Compassion and generosity are important, but ending the "war on drugs" and the carried interest loophole would help too. -
@paulg Companies are the greatest platforms for giving@PledgeOne 1% of your companies time, equity, & products.Be the change that you seek. -
@Benioff YC funds nonprofit startups too, and they are more than 1% of each batch. -
@paulg Commit to healing inequality by committing to generosity. Be part of the solution not part of the problem. Or Simply@PledgeOne. - 1 more reply
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@paulg why do you use "polynomial curves" when you mean exponential? Or am I missing some subtlety? (Great post.) -
@anshublog I'm claiming only that technology grows as f(x) = x^n, not f(x) = n^x. -
@anshublog Though come to think of it I can make the latter claim. Thanks for catching that.
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@paulg Your footnote #5 is wrong; global inequality decrease is mostly due to ~10**9 people, mostly in China/India, joining middle class. -
@timbray And why didn't people in China join the middle class in 1970? -
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@m_a_antonov@timbray I.e., footnote 5.
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@paulg What does "Baumol penumbra" mean? Can anyone explain to me in the context of the essay?
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@paulg finally, very few of today's very wealthy are wealth creators; most are inheritors or rent seekers. -
@simon_brooke@paulg The fraction of people on the Forbes "rich list" who inherited their wealth has dropped from 60% to 30% over 3 decades. -
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@simon_brooke@paulg Wouldn't surprise me. Europe has far fewer rich startup founders. -
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