> The worlds is grim because billionaires have a large part of the cake and the rest has to fight over the crumbs.
et tu hn?
I am tired of seeing this nonsense on social media (it's particularly bad on reddit, where /r/antiwork and it's offshoots keep hitting the front page)
- Wealth is not a zero-sum game
- Yes, billionaires shouldn't exist because they're a symptom of a broken system
- And they don't exist on a long enough timescale, there's a reason why oil barons and railroad tycoon families are a shadow of their former selves, and why the richest people are all in tech/oil
- Billionaires and increasing income inequality are a symptom of a bigger problem. Musk wouldn't have as much money if his publicly traded stock wasn't as popular... among the public.
- Modern day securities are broken because they're poorly regulated because the public doesn't vote for people that would do the regulation.
et tu hn?
I am tired of seeing this nonsense on social media (it's particularly bad on reddit, where /r/antiwork and it's offshoots keep hitting the front page)
- Wealth is not a zero-sum game
- Yes, billionaires shouldn't exist because they're a symptom of a broken system
- And they don't exist on a long enough timescale, there's a reason why oil barons and railroad tycoon families are a shadow of their former selves, and why the richest people are all in tech/oil
- Billionaires and increasing income inequality are a symptom of a bigger problem. Musk wouldn't have as much money if his publicly traded stock wasn't as popular... among the public.
- Modern day securities are broken because they're poorly regulated because the public doesn't vote for people that would do the regulation.