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Indirectly, yeah. Correctly calculating and taxing externalities might have prevented 'bad' billionaires from being made, but doesn't give us a plan on where to
by sudhirj 5y ago
Indirectly, yeah. Correctly calculating and taxing externalities might have prevented 'bad' billionaires from being made, but doesn't give us a plan on where to go from here.
Lots of gray area, though. Lots of arguments were made against Gates when Microsoft's value increased with anti-competitive practices, but it's hard to argue with what it's been spent on today.
- lamontcg 5y agoThe problem is that then billionaires spend millions on media and social media campaigns to carpet bomb people with the idea that up is down and that their venture isn't really a negative externality.