Someone DM’ed me & said defend billionaires in 2 tweets. Took 3. Curious for your critique or own version (obv generalized): Business ppl (mostly) grow the pie. Gov’t (mostly) splits it (grows some too) W/o business ppl growing pie, there’s less to splithttps://twitter.com/eriktorenberg/status/1224151530980270081?s=20 …
This is a great defense of the rich. Not billionaires. The pbm is not the rich. It’s the order of magnitude of billionaire wealth.
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How? Can you outline the argument?
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You said it. Business creates wealth and the gov redistributes it. You need both. When 26ppl have as much wealth as the bottom 50%, you have a redistribution pbm. More formally: the marginal dollar is much +useful in the pocket of the average gov than the average billionaire
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