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@eriktorenberg | |||||
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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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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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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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Dr ragarwal
@twitrathon
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20 h |
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My thinking exactly.
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David Mendels
@DavidMendels
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10 h |
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Eric, if the richest Americans paid their fair share in Taxes your argument would be stronger. Your argument makes the case for markets and incentives and growth, it doesn’t make a case for the extreme of billionaires. pic.twitter.com/CjWTH7mRLV
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Bonnie In SF
@bonnie_in_sf
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3 h |
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Billionaires, and the companies they create, simply do not pay their fair share of taxes.
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