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Old 09-08-2019, 12:41 PM
kirkrapine is offline
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Join Date: Sep 2019
Posts: 381
Quote:
Originally Posted by Wrenching Spanners View Post
Why? Suppose some guy in Estonia is an Elon Musk style entrepreneur and has Einstein-like insights into nuclear fusion and figures out how to make fusion generators practical. It's a far-fetched hypothetical, but what limit should be placed on that person's future wealth?
I have read (but have no cite -- unless this counts) that studies show wealth doesn't make you any happier once you've passed the point where you no longer have day-to-day financial stress.

In terms of motivation to achieve -- which is the only factor to consider, if we're thinking in terms of the social benefits of individual achievement -- the prospect of becoming a billionaire is probably no more powerful than the prospect of becoming a millionaire.

The problem -- and it is a problem, see Democracy in Chains, by Nancy MacLean -- is that billionaires have political influence far out of proportion to their numbers in society.

Last edited by kirkrapine; 09-08-2019 at 12:45 PM.