I just found this out about Michael Bloomberg: He is a "self made billionare"

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64. what on earth makes you think i'm making it out to be simple and plain to change things?

much of the problem has to do with the way companies are run with a ceo who wields massive influence, learns a ton of sensitive information, and therefore can command huge compensation. idiotic things like white privilege, male privilege, and proximity to wealth factor in as well.

if businesses were run in a more decentralized fashion, there wouldn't be nearly as much upward flow of income because there's no single focal point for the company, or at least the single focal point doesn't make all the decisions. but it would take a massive cultural change to have businesses run differently from the authoritarian hierarchy that's so prevalent in america.

nothing remotely easy about changing that.


that said, it's not at all difficult for a ceo so inclined to refuse to be paid more than a certain multiple of the lowest paid worker at the company. it's just that this is not a normal thing in america. again, it would take a massive cultural shift for this to happen. nothing simple or plain about that, either.