The thing I’ve learned most about poverty is how expensive it is to be poor. It’s super easy to pay rent every month if you earn enough to pay rent and have a decent job. It’s super hard to pay rent if you need a coupon from the state and then need to go find an apartment that will accept that coupon and only that coupon.
Prosperity in human society is misunderstood. The difference between a rich and poor society is the number of problems that society solves for its citizens. That means technological innovation is the source of all prosperity but with every tech innovation you also get disruption – ultimately social and civic disruption.
Like most plutocrats I too am a proud and unapologetic capitalist. I have founded cofounded or funded over 30 companies across a range of industries. I was the first non-family investor in Amazon.com. I cofounded a company called aQuantive that we sold to Microsoft for 6.4 billion dollars. My friends and I we own a bank.