"Once we realize the vastness of the cumulative common resources that our ancestors have bequeathed to us, it transforms our conception of wealth and value. Contrary to the widespread view that an entrepreneur who becomes a billionaire deserves his wealth, the reality is that whatever value he created is a pittance compared to the immense bank of prior knowledge and social practices—the commonwealth—that he took from."
Monday, 23 November 2020
Universal Basic Income
"Once we realize the vastness of the cumulative common resources that our ancestors have bequeathed to us, it transforms our conception of wealth and value. Contrary to the widespread view that an entrepreneur who becomes a billionaire deserves his wealth, the reality is that whatever value he created is a pittance compared to the immense bank of prior knowledge and social practices—the commonwealth—that he took from."
Subscribe to:
Post Comments (Atom)
The Wealth of Friends and Family
I am currently sitting in the family living room. I trust my friends will not tell lies. They do not need to impress me. I am impressed w...
-
This post is a continuation of the series on the new class system , and bears no relation to the slang usage referring to a part of female ...
-
" In 1926, Calvin Coolidge’s treasury secretary, Andrew Mellon, one of the world’s richest men, pushed through a massive tax cut tha...
-
He left last night not knowing (I like to think) It was not his choice it was decided for him I tell myself. He stopped breathing and t...

No comments:
Post a Comment