+ the pernicious falsehood that most wealth is aggregated in dynastic hoards. 2/3 of American billionaires are self-made & the vast majority of inheritances bleed out within 2-3 generations. Dynasties rely on gov to support them; they can’t usually fend for themselves in marketshttps://twitter.com/Crit_Rat/status/1091793895556550656 …
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Replying to @webdevMason
Do they not discuss division of labor in corporate society at the Ayn Rand School of Economics & Business? There are no billionaires without the labor of wage-earners. All it takes is one carny-barking conman with a corporation to convince people to work for him.pic.twitter.com/WiQSRbY1PZ
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Replying to @TyranicalDespot
Uh, yes, billionaires do tend to employee people. You got me there
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Replying to @webdevMason
So does my neighbor when he gives me $20 dollars to mow his lawn but he's no billionaire. I know not one "self-made" billionaire. For example, Bezos & the Waltons wouldn't be billionaires without the tens of thousands of people exchanging their time/effort for a paycheck.
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Replying to @TyranicalDespot
If your neighbor was a billionaire, would he be exploiting you every time he paid you to mow his lawn?
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Replying to @webdevMason
In this imaginary version of reality would my neighbor still be over 65 and have a bad back?
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Replying to @webdevMason
If you say so. Do note that I never even mentioned the word "exploit." And you have yet to name a billionaire who is truly "self-made" i.e., worked alone and never had any help from anyone at any time.
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Replying to @TyranicalDespot @webdevMason
His employees weren’t “helping” him out of the goodness of their hearts, they were working for him in exchange for a salary that they agreed to
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Yes. Nobody has ever used “self-made” to mean “utterly non-cooperative hermit.”
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