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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 21 h
Odgovor korisniku/ci @eriktorenberg
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
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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Dr ragarwal 20 h
Odgovor korisniku/ci @eriktorenberg
My thinking exactly.
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David Mendels 10 h
Odgovor korisniku/ci @eriktorenberg
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.
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Bonnie In SF 3 h
Odgovor korisniku/ci @DavidMendels @eriktorenberg
Billionaires, and the companies they create, simply do not pay their fair share of taxes.
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