Peter GleickNov 6

If you make $100,000 a year (not bad), it will take you 10 million years to earn a trillion dollars.

If you make a million dollars a year (wow!), it'll still take you a million years to earn a trillion dollars.

Tax the rich.

Show threadwraptile

@petergleick most importantly any half decent financial advisor or economist would tell you that hedging investments will always be a winning long term strategy. By consolidating wealth to a few central points we are NOT doing this.

So no matter how you look at, even discarding ethics and humanity, it makes absolutely no sense to consolidate wealth like that for any long term system, ever.

I genuinely don't understand how anyone could be against this except for some form of fear?

Nov 7 at 4:11amWeb