this post was submitted on 27 Apr 2024
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They also create large amounts of value. You would get the same tax breaks if you provide the same value for society. You can hate capitalism all you want, but something you can't argue against is that it motivates people to provide value
Yeah Covid showed us how all these billionaires create real value instead of the rank and file.
Oh wait, the economy came to a crawl and governments were printing money to keep it moving.
Most of the billionaire today inherited their fortune, and a lot of billionaire before them started on third base.
They provide no value, and if they disappeared tomorrow, we would fine.
"They provide no value, and if they disappeared tomorrow, we would fine."
We would be fine, but only because someone else would quickly take their place.
Lol
https://www.theatlantic.com/ideas/archive/2024/04/vet-private-equity-industry/678180/
https://libertystreeteconomics.newyorkfed.org/2022/07/do-corporate-profits-increase-when-inflation-increases/
STFU