2 ms·
> I don't think there are any billionaires without equity. That becomes the crux of this. "Billionaires are bad" is a discussion about the system that actually
by aaomidi 5y ago
> I don't think there are any billionaires without equity.
That becomes the crux of this. "Billionaires are bad" is a discussion about the system that actually allows them to exist, rather than the people themselves.
Warren Buffett has made a ton of his money using state-backed monopolies like real-estate. Land ownership and exclusivity, even when the land use is unproductive, is a human construct after-all.