Earlier quoted context omitted.
> amoral wealth-hoarders They're not hoarding wealth. They don't have any Scrooge McDuck cash faults. Their money is all invested , i.e. put to work creating things that people want. > moralists ... capitalists History shows us that societies based on morals (religious, ideological) fare extremely poorly compared with societies based on rights (free markets). Like it or not, for a large, prosperous society you must h…
With extreme inequity, who's gonna make all the smaller bets? Lost in the food fight over today's robberbarons is recognition that small and medium new business formation continues to decline. IMHO, those are the job creators and wealth creation (vs mere wealth transfer) I prefer we boosted. I trust billionaires will somehow muddle along with or without our help.
The more large, visible winners you have in a society the more us little people are incentivized to buy those lottery tickets. Crowd funding, angel investing and small funds do exist. Or even Robinhood.