"What I discovered, though, is that behind all these small complaints, there’s something much more serious. Roy Lee is not like other people. He belongs to a new and possibly permanent overclass. One of the pervasive new doctrines of Silicon Valley is that we’re in the early stages of a bifurcation event. Some people will do incredibly well in the new AI era. They will become rich and powerful beyond anything we can…
It's all about the pathetic rationalization we have placed on greed and profit. We can make millions redundant with AI and still have a social safety net that keeps society stable and healthy. But no, that wouldn't be "fair" to the people who generate millions of net worth every 5 minute.
If you could confiscate 100% of the assets of every billionaire in the country, and sell all of them for market rate without putting any downward pressure on prices at all, that sum would not fund 10 months of the federal government's current spending levels, and even less if you wanted new programs.