Memes

When the world’s eight richest individuals have as much wealth as the bottom 50% of people worldwide

https://www.eurekalert.org/news-releases/1088220

Aviator, diver, Etherean, nexialist, PhD in aviation and climate science, host of /diving /ethfinance /forteantimes /geopolitics /science /singapore /thomas

thugkitten.eth. Interested in crypto/ web3 & love of life, lost kitties and ecological preservation. Currently a flâneur captivated by frontier Tech.

I fear that the development and ownership by the already rich of LLMs and even more powerful models will tip the scale even further

unfortunately, this is pareto optimality.

none of the eight richest inherited the wealth; all of them had exposure to equity, therefore all of them were selected by Keynesian beauty contest to some degree.

I think there's definitely argument for progressive corporate taxation, but   the excesses of a free market may be the least worst option, especially considering the economy of scale that gets reinvested in utilities (e.g. Google to Android)

imho, taxes should incentivize activity, and best serve as a stick to passive instruments like real estate. for enterprise, we need more of a carrot in the form of credit. then again, that also demands insurance, but on the flip side, there is tangible merit to risky-hungry capital despite its casualties.