(no title)
throwaway_kufu | 4 years ago
People who make $100MM are no smarter than those that don’t, I mean Einstein didn’t make that type of money right? It’s not merit either, it’s simply money...under our system money makes money, concentration of capital doesn’t benefit everyone it benefits the person with the capital.
Consider wealth management itself, you want to diversify your investments, you would never put 90% of your wealth into .1% of the assets you own. The rich know and live by this rule, well that same rule applies to society, you don’t want .1% controlling 90% of the wealth so investment is determined by .1% of the population. You want the wealth diversified and in the hands of many so no single person controls investment.
No comments yet.