JVL (Jonathan V. Last)

Full Bernie, yeah.

These are casino games.

Yeah, right.

These are casino games, right?

These are people sitting around figuring out how can we alter rules?

How can we use our size to force existing institutions to alter rules that benefit us, the shareholders, in the most narrow, short-term way possible?

I think it's very bad.

Can I throw something at you, Tim?

Sarah and I talked a little bit about this on The Secret last week as I was trying to get her to our AOC adjacent.

I am not billionaires shouldn't exist, but there is a level, a number of billions that I think shouldn't exist.

You know, like $8 billion, fine.

$10 billion, fine.

I don't know where the line is.

Yeah, there is some number that's probably pretty close to $15 billion where I say, I'm sorry.

No, no more of that.

And I think it is wrong to think about this in terms of fairness.

And it is more proper and more convincing, to me at least, to think about it in terms of hedging risks about abuse of power.

Because I think of this in the same way I do antitrust.

The reason we do antitrust is because when companies become too big, they're able to distort markets and hurt the markets.

i think the exact same view should be used with individual wealth because when people get too rich it gives them the ability to distort society yes and hurt society that's happened already with elon he already distorted society yeah and so that that is the argument i would make about why a certain level of billion let's just call it 15 billion let's say you know every every cent after 15 billion i'm sorry no