21_MushroomCupcakes t1_j2dbe16 wrote
Reply to comment by ChickenEnthusiast in ELI5: Tech billionaires lost $400 billion this year. Where does it go? Does anyone gain? by ChickenEnthusiast
They keep the gains, we share the losses.
They'll squeal when tax season comes, you and I will pick up the tab on whatever losses they feel entitled to.
When they get rich we get poorer, and when they don't we still get poorer.
Even philosophically, we gain nothing.
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