There is not a shred of legitimacy to these tech boys making billions of dollars for developing e-platforms in any area of endeavor be it cryptocurrency, healthcare or social media.
Their making this money is a violation of the social contract we have with each other in which we agree to not rip each other off.
If we are going to allow tech boys to make billions, why not doctors, why not lawyers, why not teachers, why not cops.
They add a hell of a lot more value than the guy who invented Tik Tok.
So why do we allow it?
It’s all arbitrary. We are adults. We can do whatever we want.
We allow it because the elites say so; consequently, they have paid off Congress to sit back and do nothing about the amazing profiteering the tech boys engage in.
There’s no practical justification for allowing these billionaires to have so much money.
The idea behind them having this money is that they will do wonderful productive things with that money that will benefit society.
The reasoning goes that smart people who make billions will use that money to do more smart things.
Well, where’s the beef?
Show me the stunning results from Bill Gates, Jeff Bezos and Elon Musk.
I’m waiting.
I-I-I’m waaaaaai-ting.
Self-driving cars – bust.
Large batteries to power the house – nonexistent.
A million men on Mars – don’t hold your breath too long. Mars is 40,000,000 miles away at the closest; there is no oxygen there.
Electric cars – impractical right now. Unless you’re Ewan McGregor with an advance team scouring the countryside for electrical outlets.
Solar roof tiles – I guess Elon gave up on that idea.
Zoom replacing in-school learning. Give me a break. Kids are going to have to repeat this past year because the learning was so poor. Kids were logging in, then sleeping during class.
Machines melding with brains – Elon might want to run that one by the neurosurgeons.
High-velocity rapid transit – where is it? This is an idea that can work.
Impossible burgers based upon plants – Obesity is going to be even more of a problem.
Tik Tok – Woooooooooow.
Sadly, there are no great ideas coming out of these billionaires. What I see are a lot of mansions, jets, sports teams, ranches and yachts.
Jeff Bezos just purchased a yacht that costs a half billion dollars. A half a billion dollars! Maybe he’s trying to top Snyder of the Washington football team. Snyder has a basketball court and an IMAX theater in his. What’s Bezos putting in? An opera house? A baseball stadium?
That’s not exactly what I could call a wise investment of money.
How about initiatives to fix homelessness?
Nope.
How about better working conditions for the people at Amazon?
Nope.
How about paying down on student debt?
Forget about it.
Instead what exists is a lot of lobbying to get more free money for the billionaires.
Thanks but no thanks.
It’s a fact of life that when people make too much money, they tend to lose initiative.
They lose the fighting spirit that made them great in the first place.
We see it in sports stars all the time.
Once they make the big bucks their careers head south.
It’s the same way with the billionaires.
So what should we do about it?
We need to restructure patent and trademark law so that we separate out the creation of the idea from its implementation.
In other words nobody enjoys exclusive right to manufacture or implement a concept.
So, if a guy invents the concept for Tik Tok he has to sell that at an industry agreed upon price to all comers who then reserve the privilege to implement it or improve upon it at which point the cycle begins again.
In this way, we get better products at a fraction of the cost.
And it will be better for the billionaires also.
They will be more like the rest of us, still rich, but much more productive.
Like sports stars used to be.
Sincerely,
Archer Crosley
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Cowboy Archer 