On 8/10/2022 9:39 AM, John Clark wrote:
And Nick Hanauer, a member of the top 0.01%, also thinks the hyper
rich should pay more and wrote a letter about it to his rich peers. I
found this passage to be particularly illuminating:
/"I’m not the smartest guy you’ve ever met, or the hardest-working. I
was a mediocre student. I’m not technical at all—I can’t write a word
of code. What sets me apart, I think, is a tolerance for risk and an
intuition about what will happen in the future. Seeing where things
are headed is the essence of entrepreneurship. And what do I see in
our future now? //I see pitchforks."/
"Tolerance for risk" probably comes from being born into a family that
owned a company where he worked as CEO. You can tolerate a lot of risk
if the worst that can happen is you go back to being CEO of your
family's business. "Intuition about what will happen in the future" is
pretty much what everybody has plus a lucky guess. I'm not against some
people getting rich, even just based on luck. But we and they should
recognize that luck is a big part of it, as is bad luck for people not
born to wealthy parents. In primitive tribes, the hunter who got the
kill, got to feed his family first...but the rest was shared out to the
tribe. That's the way we should looks at the Buffetts, Gates, and Hanauers.
Brent
--
You received this message because you are subscribed to the Google Groups
"Everything List" group.
To unsubscribe from this group and stop receiving emails from it, send an email
to [email protected].
To view this discussion on the web visit
https://groups.google.com/d/msgid/everything-list/d7387c60-6278-7f85-b170-44f3063a4872%40gmail.com.
