In any other domain, no one feels the need for conspiracy theories to explain outliers. At anything else except making money, you can do extremely well by being talented, hard-working, and lucky. But anyone who does extremely well at making money must have cheated.
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As regards billionaires we are just talking about ~600 people - 0.0002% of the US population. They got their wealth in various ways, but what they do with it is what is more important. Let us focus on the world we want to create, and not discuss fairness/hard work/cheating.
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It's not just a YC bubble world view, it's the VC bubble world view. They tend to think themselves into pockets with it every ten years until the next tech revolution comes to save them.
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Would *this* same debate exist if: - higher estate tax - higher progressive income tax - time graduated cap gains tax - financial property tax + - quality education - affordable healthcare - modern mass transit infrastructure - modern energy grid ?
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What if most billionaires grandparents were like Chesky, but I'm still paying them my monthly rent?
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