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> I would rather live in a world with a 10x Musk and no homeless people than a more equal world like the current one but with no billionaires. This seems to im
by sleepydog 2y ago
> I would rather live in a world with a 10x Musk and no homeless people than a more equal world like the current one but with no billionaires.
This seems to imply that a reduction in inequality would not reduce homelessness. I don't follow the reasoning here, and I'm not aware of evidence for this reasoning. I can probably find evidence that affluent countries with stronger social safety nets and less inequality have less homelessness.
If that meaning wasn't intended, then it must be implying that billionaires like Musk are linearly motivated by money -- that is, the more money they can make for themselves, the harder they will work to provide value.
Or maybe you are implying that the potential of unlimited riches will attract the best talent?
> There is no reason to believe that one person being insanely well off makes someone else worse off.
There are plenty of reasons to believe that. Wealthy people don't just sit on their wealth -- they use it. To buy power. To have an outsized influence on government and the lives of other people. To employ financial advisors that let them enjoy the benefits of citizenship while evading or minimizing the taxes they pay. To lobby for tax laws that favor people who live off of wealth (assets, stock, etc) rather than income. To buy citizenship in other countries and evade international sanctions. To destroy, directly or indirectly through their influence, resources that are finite or very difficult to replace, like fossil fuels, rain forests, clean air.
Did Putin make his wealth without harming others?
I'll riff a bit here, too: even if the super-rich don't hurt anyone by becoming super-rich, you have to wonder if they wouldn't be better off just being kinda rich. Having billions seems like a very isolating experience. Would you still find it easy to trust other people? Would you have an outsized opinion of your abilities and importance? And what about your children, would they be valuable, upstanding members of society? Would they even be able to take care of themselves? Would they see themselves as intrinsically better than poor people?