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@eriktorenberg | |||||
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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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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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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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Informema
@informema
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20 h |
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What if you viewed government redistribution as seed funding of pre-wealthy (usually younger) citizens (so, startups) in return for a stake in future wealth (some of them will be unicorns), rather than as a divisive tax.
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Matthew Weatherley-W
@i3impact
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1 h |
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This is the "Juno vs. Uber" debate. Tech-led disruption is inevitable. Should it lead to broad wealth creation for those who work for the co (Juno)? Or should it be concentrated among the founders and funders (Uber)?
This is the key wealth inequality question of our time.
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