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Thursday, March 31, 2022

Centi-Billionaires

The word “billionaire” didn’t even exist until 1844. Fifty years later, we got “multibillionaire.” And for the next 127 years, that was enough. 

But the newest additions to the English language is “centibillionaires,” people with $100 billion or more



 

How disappointing that Reich's answer is simply redistribution of wealth through taxation, rather than a fundamental change to how wealth is accrued. 

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