A proposal: let people get as rich as they want, but only if every way they make money also improves life for the bottom 55% of Americans. Using Elon Musk and Jeff Bezos as examples, the speaker argues their fortunes can only be justified if their wealth-building directly benefits their workers and lower-income people.
Chapters
But yet how do you also do that in a way that's fair and doesn't cause Elon Musk to be worth $300 billion while the bottom 55% of the American public is worth cumulatively zero? And his answer, which I think is a great one, is. And unfortunately, it's theoretical. I don't know what it looks like in practice, but the theoretical answer is we design an economic system where you are absolutely allowed to accumulate as much as you can accumulate with the provision that every mechanism you use to accumulate the money must raise the lot of the people at the very bottom of the economic heap in some fashion. So you can make money all you want as long as the way you make money is also improving the lives of the people who aren't you. And I'm like, that makes sense. So Jeff Bezos can make a billion dollars. Not a problem. However, in order for him to morally make a billion dollars, he's got to do something that makes the people who work for him, you know, better off.