I'm sorry, but billionaires *should* exist!
We must lower inequality while at the same time embracing innovation created by markets & private wealth.
Bill Gates: sanitation, nuclear, & malaria.
Elon: electric cars, batteries,
& space.
All things Governments weren't solving.
@zachtratar
But we can’t rely on billionaires to do the right thing - they essentially become humans with outsized power that were not chosen by the people... Elon and Bill are outliers for their giving and pursuit of problem solving, not the norm
@techladyallison
We can't rely on anyone -- or anything -- to always do the right thing.
Hence spreading power to more people and more institutions is generally a good thing.
@zachtratar
Elon only took on space because the government did the billions and billions of dollars of initial R&D that private industry wasn't doing. Same goes for battery technology. The government funds basic research that is either too costly or too lengthy for private industry to do.
@zachtratar
lol. Tell that to polio, smallpox & the space race.
Government can do *lots* of great things when the rich aren't busy trying to strangle it. The rich have been looting the world since the days of Reagan and Thatcher, attacking working governments to make them not work as well
@relyt29
And the rich can do a lot of great things, too.
The space race has been lost since the early heydays. Sometimes things fail, and you want a separate group/organization to rise from the ashes. A la SpaceX.
I agree many rich folks have been looting aggressively.
@zachtratar
The masked man is a more dangerous enemy. But in this case, the unmasked man is your friend. Those who put faith into systems and people without economic accountability will soon realize their benevolence is quite malleable.
@zachtratar
Every problem you mention for Gates is something government did in fact solve first. And then we defunded repeatedly for years because those problems weren't affecting "us" anymore.
Elon's entire wheelhouse is made up of tech that came into being after government desolation.
@zachtratar
@finchify
Both gates and musk were subsidised or enabled by government actions (inactions in the case of MS)
Musk through govt grants tax break as and loans
Gates through govt delayed action in bringing anti monopoly
Heck even the internet was a govt project
Govt isn’t always bad