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I sometimes think it's better to have (say) 1 very very rich person than 1000 rich people, just in terms of resource usage. 1000 centimilliomaires all want thei

I sometimes think it's better to have (say) 1 very very rich person than 1000 rich people, just in terms of resource usage. 1000 centimilliomaires all want their own yachts and so on, whereas a centibillionaire might have one or two large yachts, not 1000 small yachts. Economies of scale!

simianwords 10mo ago
Right and that’s why we will have more to gain by taxing the 1% bracket excluding billionaires instead of billionaires only.