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Why there's no such thing as a good billionaire

28 pointsby dragonbonheurover 2 years ago

6 comments

kthejoker2over 2 years ago
More like ... we have lots of evidence that handing a small handful of essentially random people a large and disproportionate concentration of humanity&#x27;s entire wealth tends to make them:<p>* act above the law<p>* use their wealth to attack and generally bully others to get their way<p>* exert disproportionate influence (relative to their actual insight or utility of their actions) on people&#x27;s lives, government, and society as a whole<p>* choose other winners and losers in the market (this is not inherently good or bad, but when bad it is disproportionately bad)<p>* decide what things the rest of humanity should pay more or less attention to<p>* consume exorbitantly in the face of still-existent human poverty, disease, security, environmental concerns, and so on<p>and most directly<p>* decide how and to whom that wealth will be distributed long after they&#x27;ve &quot;earned&quot; it, thus continuing a cycle of haves and have nots<p>And so based on that evidence, all things being equal, having less concentration of wealth and more equity is better for society as a whole. (See: Friedman, Piketty, Smith, Keynes, George, et al)<p>Whatever argument you may have about this billionaire or that billionaire, hopefully it&#x27;s easy to understand why we as a society should be exceptionally wary of the negative impacts of encouraging overly concentrated wealth versus the positive benefits of encouraging risktaking and entrepreneurial reward.
bheadmasterover 2 years ago
The video raises some very good points, most important of those is that the only thing we can be sure about is that <i>billionaires care about what other people think of them</i>. Everything else has an extremely high probability of being PR bullshit.<p>People are gullible as fuck. It seems like stupidity (defined as taking things at face value without questioning them) is a very desirable quality in the modern society, and apparently, even asking questions and raising points about underlying motives in considered unacceptable.
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O__________Oover 2 years ago
For HN, likely better to cite a text-based source or post a accurate&#x2F;unbiased TLDR, since in my experience videos rarely get traction. Here’s related opinion piece that number of papers published and is cited in video:<p>OPINION: Finally, a billionaire willing to smack back at capitalism<p><a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=33223639" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=33223639</a><p>* Note: Above post was flagged after 50-mins.<p>And the related prior HN thread on Patagonia founder giving away the company:<p>- <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=32842357" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=32842357</a>
dctoedtover 2 years ago
Am I the only one who initially thought the guy in the video* was Alton Brown (of <i>Good Eats</i>), somehow rejuvenated?<p>* Adam Conover, with whom I wasn&#x27;t previously familiar
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rutierutover 2 years ago
I used to love this guy&#x27;s videos but he has really gone of the rails
sn0w_crashover 2 years ago
Really?<p>This is like saying “All poor people are criminals”<p>This is the sort of thinking you need to leave behind in childhood. There is no way a reasonable grown adult can hold this opinion seriously.
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