One very important thing missed though; A big problem with
billionaires is that they ain't necessarily that bright. Gates and
Zuckerberg both dropped out of college, fortunately; imagine the chaos
they could have wreaked if actually armed with finished CS degrees.
Sure, money buys power, and that can seem unfair, but the real issue
is that purchased power is greatly disproportionate to the
intelligence needed to wield it.
I'm not saying it's unearned, just that someone with 1000 times the
power of another cannot possibly have 1000 times the good sense.
In a way I guess that's where VC's come in, to reallocate capital to
people who do know what they're doing, and have better ideas. But as
Cory kinda says, they tend to replicate the ideological horizons of
those they hold the purse strings for.
> Gates and Zuckerberg both dropped out of college, fortunately;
I'm generally on the side of whatever is against billionaires, but they dropped out of college because they had started thriving businesses and didn't really see much point in the degree, not because they weren't intelligent or motivated enough to actually get one.
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[ 2.9 ms ] story [ 17.1 ms ] threadOne very important thing missed though; A big problem with billionaires is that they ain't necessarily that bright. Gates and Zuckerberg both dropped out of college, fortunately; imagine the chaos they could have wreaked if actually armed with finished CS degrees.
Sure, money buys power, and that can seem unfair, but the real issue is that purchased power is greatly disproportionate to the intelligence needed to wield it.
I'm not saying it's unearned, just that someone with 1000 times the power of another cannot possibly have 1000 times the good sense.
In a way I guess that's where VC's come in, to reallocate capital to people who do know what they're doing, and have better ideas. But as Cory kinda says, they tend to replicate the ideological horizons of those they hold the purse strings for.
I'm generally on the side of whatever is against billionaires, but they dropped out of college because they had started thriving businesses and didn't really see much point in the degree, not because they weren't intelligent or motivated enough to actually get one.