Episode 268
Billionaires: Should The Exist?
February 18th, 2025
30 mins 12 secs
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About this Episode
They discuss the significant increase in billionaire wealth since 2000, with the total wealth growing from $275 billion to $14.2 trillion. Andre criticizes the concentration of wealth and the role of Wall Street in inflating values. Chris highlights the moral and practical implications of billionaire wealth, particularly in the context of societal needs like universal health care. Both agree on the need for systemic change rather than targeting individual billionaires.
Content Referenced in the episode:
- Meta agrees to pay Trump $25m for suspending accounts over Capitol riots [https://www.theguardian.com/technology/2025/jan/29/meta-trump-settlement-25-million]
- The World's Billionaires [https://en.wikipedia.org/wiki/The_World%27s_Billionaires]
- Elon Musk Predicts Tesla Will Be Bigger Than Apple, Nvidia, Microsoft, Amazon, and Alphabet Combined Thanks to This $10 Trillion Opportunity [https://www.fool.com/investing/2025/02/02/elon-musk-tesla-bigger-apple-nvidia-10-trillion/]
- OpenAI in talks to raise funding that would value AI startup at up to $340 billion [https://www.cnbc.com/2025/01/30/openai-in-talks-to-raise-up-to-40-billion-at-340-billion-valuation.html]
- US opens probe into 2.6 million Tesla vehicles over remote driving feature [https://www.reuters.com/business/autos-transportation/us-traffic-safety-regulator-opens-probe-into-about-26-mln-tesla-vehicles-2025-01-07/#:~:text=The%20new%20investigation%20comes%20after,including%20a%20fatal%202023%20crash.]
- Trump's Innauguration Is a Brash Display of Big Tech's Realignment [https://www.vanityfair.com/news/story/trumps-inauguration-is-a-brash-display-of-big-techs-realignment]
- There Will Be Only 8 American-Made Sedans Left In 2025 [https://carbuzz.com/there-will-be-only-5-american-made-sedans-left-in-2025/#:~:text=In%202024%2C%20only%20six%20American,the%20end%20of%20last%20year.]
- Danish politician tells off Trump, says Greenland is not for sale [https://www.yahoo.com/news/danish-politician-tells-off-trump-215259836.html]
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