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"Every billionaire is a policy failure": it's a controversial aphorism, but there's an undeniable truth to it.
There's no justifiable rationale for a person to be worth billions: is Jeff Bezos's social value really 14,285,714 times that of his median factory worker?
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There's no justifiable rationale for a person to be worth billions: is Jeff Bezos's social value really 14,285,714 times that of his median factory worker?
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But moreover, billions of dollars are a force multiplier that magnifies the power of the individual without accountability or check. Everybody makes mistakes and there are crooks everywhere in the social fabric, but billionaire crooks are far more harmful than street muggers.
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Woody Guthrie wrote, "Some will rob you with a six-gun, and some with a fountain pen," but as great as that line is, it fails to capture just how much harm the fountain-pen bandits can do - the chaos, death and misery their schemes create.
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