'The best hope of averting climate disaster may well be wealth taxes that significantly reduce the wealth and power of the super-rich.'
has certainly been entertaining. However, it could lead to the conclusion that billionaires are silly but harmless—which is far from the truth.
Yes, they are often silly. But they are rarely harmless. Indeed, they're among the most dangerous people to walk the earth. Now we come to the second part of the problem: their role as corporate owners directing enormous pools of capital towards fossil fuel production and infrastructure. Billionaires clearly have a choice where to put their money, but there are only rare exceptions to the pattern—such as, who put the company's ownership into a trust, declaring"Earth is now our only shareholder."
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