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@eriktorenberg | |||||
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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 split
twitter.com/eriktorenberg/…
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Erik Torenberg
@eriktorenberg
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21 h |
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When ppl get rich in a sustainable way, ppl should celebrate, b/c, among other reasons, some of that $ goes to gov’t, which means more education & healthcare
Without growth, we couldn’t pay for these services. Each public job is in effect “sponsored” by a private job (via taxes)
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Erik Torenberg
@eriktorenberg
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21 h |
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See recent critique of billionaires for not solving climate crisis.
US Gov't has over 4 trillion dollars (collected via taxes vs created via growth).
What's better use for public $ than solving climate change?
The more ppl become rich, the more money gov't has to do so. pic.twitter.com/5WaTvbKefa
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Erik Torenberg
@eriktorenberg
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21 h |
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One thing I'd add is I'm surprised when pro-government fans don't want people to become billionaires as long as they are creating sustainable value (e.g JK Rowling)...
It means more money for the gov't!
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Erik Torenberg
@eriktorenberg
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21 h |
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Another addition: There are 2 distinct kinds of billionaire complaints:
Those that think the $ would be better off distributed more widely among employees & public directly +those that think the gov't should be collecting the money & dispersing it itself
twitter.com/eriktorenberg/…
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Sean Linehan
@seanlinehan
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20 h |
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It’s so much more simple than the taxation story.
When wealth is created via consensual trade, the trade *itself* is profitable for both sides.
So in a fair market, massive wealth is in itself proof of massive value delivered to society. That’s as a 1st order effect!
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Erik Torenberg
@eriktorenberg
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20 h |
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💯was trying to talk to pro-gov't anti-capitalists on their own terms
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Mike Elias 💡📈
@harmonylion1
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21 h |
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“Tax the billionaires” — agreed!
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Erik Torenberg
@eriktorenberg
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21 h |
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I'd rather share the upside upfront than on the back end b/c of the waste, but similar idea:
twitter.com/eriktorenberg/…
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Chris Maddox
@comaddox
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16 h |
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You’re side-stepping.
You’re not defending billionaires, you’re defending job creation.
When people talk about billionaires, they’re talking about wealth inequality.
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