Past a certain point, being unimaginably rich is no longer useful for improving anyone's material comfort. It's a form of power.
Bezos didn't buy the Washington Post so he could make a nice return on his investment and buy another jet.
Bezos didn't buy the Washington Post so he could make a nice return on his investment and buy another jet.
When you understand this, you can still argue about ways to respond to inequality. But it's an inescapably political question. The problem with billionaires is not how much money they have or have not "earned." It's the unaccountable power they wield over society.
Glad you brought this up. Yes, when you have enormous concentration of economic power, you need government power to regulate it, and that creates its own problems.
This is why we think we need policies that disperse economic power in the first place.
This is why we think we need policies that disperse economic power in the first place.
https://twitter.com/TallBlondeGuy/status/1362457951626293250
In other words, if you hate big government, corporate capitalism is not your friend either. In the long run they tend to grow together.
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