Is There Really a Billionaire?

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

i think it's a little bit of an overstep to expect some one to do something right? We can hope that billionaires are the type of people to want to re demploy their wealth. I also did pull up a stat about venture capital funding, and jus shows how effective money in he private markets can be. But crunch base tracts unicorns, so companies worth a billion dollars themselves. And they tracked around 879 private companies, which are valued at three trillion dollars. Altogether, those companies raised 564 billion dollars, which means they basically had a six ex return. i don't think you can really point to anything in the government that has that same ind of six x

Wealth inequality has been increasing for decades, and recently, there has been a heightened focus on billionaires as we debate what to do about the concentration of large swaths of wealth in a few hands.

In this episode, Steph and Cal discuss whether or not billionaires should exist, common proposals for dealing with billionaires, and a few policy proposals for how we can start thinking about tackling wealth inequality.

Whether you find yourself saying, "billionaires are evil and don't deserve all that money", "billionaires deserve what they have earned", or "I don't care about billionaires, but I care about a world with more equality of opportunity," this episode is for you.

Love this episode? Give it a review at https://ratethispodcast.com/learn