We Need More Tech Billionaires
Wealth creation is a force for good.
In recent years, tech billionaires have gotten a bad rep.
They are ruining the environment with their private jets, scheming to replace us with AIs, and — worst of all — bending the knee to Donald Trump. They have a dark agenda. They are screwing us all. They should be abolished.
For many, tech billionaires, with their unbounded wealth, their excesses, and their nefarious plans are the new enemies of humanity.
Wrong!
Poverty is the enemy. Not wealth.
I’m not here to defend the current crop of tech billionaires. Think of them whatever you like. But wealth and wealth creation are good things.
Wealth creation is not a zero-sum game — it’s net positive.
Profit is proof of service. Money is a neutral indicator of value. Acquiring wealth requires creating something useful in the world.
Let people solve problems, sell their solutions, and get rich doing so. The more problems get solved, the better off we all are for it.
The issue is not that some people are incredibly wealthy, it’s that not enough people are given a chance to become wealthy.
That’s not because of the already wealthy conspiring to prevent access to their cabal. It’s a result of errors in politics and philosophy that have accumulated over time. Those errors can be corrected, little by little. Problems are soluble.
Don’t abolish billionaires. Abolish poverty!
This post is an extension of a comment I left on
’s excellent post Beggars or Billionaires: Who Would You Rather Get Rid Of?