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Erik Torenberg 21 h
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
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Erik Torenberg
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 21 h
Odgovor korisniku/ci @eriktorenberg
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.
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Erik Torenberg 21 h
Odgovor korisniku/ci @eriktorenberg
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 21 h
Odgovor korisniku/ci @eriktorenberg
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
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Ryan Lampkin ☄️📱 3 h
Odgovor korisniku/ci @eriktorenberg
I acknowledge that "business people" grow the pie. Is a growth of the pie worth it, though, if 100% of the growth goes to the business people themselves. That's a different question. Society may not be better off. This alternative cannot be quantified. Only theorized...
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Ryan Lampkin ☄️📱 3 h
Odgovor korisniku/ci @eriktorenberg
Inequality in the US is increasing, which means that all of the growth--and then--some may be going to the "business people". (Note the reduction of the middle class) Society is likely better off the increase in standard of living is a 50/50 split (as opposed to 100/0 split).
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Bonnie In SF 3 h
Odgovor korisniku/ci @eriktorenberg
This is the whole debate about Elizabeth Warren’s wealth tax. Billionaires simply don’t pay a proportionate amount of their wealth in tax. They don’t.
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Bonnie In SF 3 h
Odgovor korisniku/ci @eriktorenberg
And not to confuse billionaires with their companies, but huge companies like Amazon & FB also don’t pay their fair share in tax. Amazonpays zero in federal income tax. Neither did a whole bunch of other huge companies:
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☣surferjim☣ I identify as BIP [340-342➞ 🚰 🌱 📃 ] 27 min
Odgovor korisniku/ci @eriktorenberg
And it shouldn't be- except voluntarily. Taxes are always theft. Period.
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