Expanding the pie rather than fixating on divvying it up to reward friends is not for me. How to expand the pie. Technological innovation.
-----Original Message----- From: Brent Meeker <[email protected]> To: [email protected] Sent: Wed, Aug 10, 2022 4:52 pm Subject: Re: The collapse of bitcoin 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. -- 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/537797268.58438.1660169285861%40mail.yahoo.com.
