@JonahDispatch Dr. Jonas Salk discovered the inactivated polio vaccine in 1953.Chose not to patent the vaccine to maximize global distribution.Famous for responding that the vaccine had no patent because it belonged to the people, asking, "Could you patent the sun?"
@caveofjohn Furthermore you think its jealousy. Most People are jealous of a guy with a couple million bucks. Most people wouldn’t know what to do with $50 million. A trillion? Nobody wants the extra $999 billion except sociopaths.
@caveofjohn Look, this argument is really getting pushed hard by you guys. Its getting tiresome to me to see. Thats why I am replying. Its not a good argument. It is hurting your defend the billionaire cause. It comes off as “a trillion $ in stock is not really that much” criminally tone def
@CountyLineTexan Simple fix. We will accept shares as payment for the wealth tax. Shares go into a sovereign wealth fund which can monetize at its discretion as is optimal for the funds interest.
@signulll Nobody else contributed? Could their employees and capital providers participated a bit more? They did not benefit from the societal conditions (legal, educational, etc.) that made their success possible? No expectation to share some of that wealth they could not possibly spend?
@tonyvanderhoef Why is the company gone? He sells the shares to other people - at far lower prices, sure, given the supply surge and unsupportive fundamentals - but company gone? Change in ownership doesn’t vanish the company.
@AnnaEconomist Wildly overpriced. The world will look back in 10 years and say this was when we should have realized this is a massive bubble inflating.
@MonetaryWonk@ZachariahSchwab You said “lucky to end up with 10% of that ($1 tr). 10% is $100 billion. Today’s IPO was $75 billion. Orders were 4x oversubscribed ($300 billion). He could raise $100 billion in a few appropriately spaced secondary offerings at a likely lower price per share.