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Michael Dickens's avatar

> We’re all Stone Age Billionaires

I think this would've been a clearer message while still being short enough to fit on a picket sign (but hindsight is 20/20)

Regardless, I liked your sign the best, although maybe I'm biased because I read your whole explanation behind it

Torches Together's avatar

I like the "Stone-Age billionaires" line, and agree with the general anti-anti-billionaire sentiment (because most anti-billionaire people have horrible arguments)...but I do find the pro-billionaire sentiment a touch awkward. Reasons:

1. As you note, billionaires are disproportionately likely to kill us all. 5 out of the 10 richest billionaires are associated with companies contributing directly to the AI race - this will get more extreme in the next 5 years. I don't think x% wealth tax will do anything to stop this, but kinda feels dodgy protesting in favour of the demographic that may be about to recklessly destroy us... I wouldn't be able to bring myself to protest alongside "Billionaires Build The Future" placards.

2. Billionaires also do lots of other shitty stuff. You've got owners of clearly-net-negative companies like factory farming billionaires, and all the Russian/Middle-Eastern rent-extracting billionaires; and owners of genuinely harmful tech companies like ByteDance. I'm the first to applaud the few billionaires who do produce disproportionate utility benefit for humanity (Dustin Moskovitz, Bill Gates) and I don't have a super strong opinion on whether the world would be better with billionaires or not (e.g. whether a very similar company/product would exist in a market economy with, say, arbitrary wealth limits), but the proportion of shitty billionaires dampens any pro-billionaire enthusiasm I might have.

3. A lot of the brilliant things that a dynamic market economy allows are fully compatible with anti-billionaire sentiment. There's decent evidence that a politically connected billionaire class (e.g. Russian oligarchs) is harmful for growth, and you see this everywhere. I don't think a wealth tax is a good solution, but I also think there needs to be very robust ways of limiting billionaires' influence, while also maximising the benefits of a free market.

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