There Is A Spectre Haunting Paul Tudor Jones - Dealbreaker

There Is A Spectre Haunting Paul Tudor Jones

The billionaire is worried about income inequality but not *too* worried, because he's got a plan. Luckily, it does not involve revolution (shudder) or higher taxes (double shudder).

What? This?

Having recently had a bit of a brush with some Bolsheviks, Paul Tudor Jones isn’t eager to see them again. He’s also not interested in paying any more taxes. And this leaves him in something of a bind, because Greenwich is starting to look an awful lot like Paris circa 1789 or St. Petersburg circa 1917 to him, and he’d like to keep both his head and his billions. So the traditional ways of dealing with income inequality are out. But Connecticut’s very own Father Christmas thinks he has a less red solution.

“This gap between the 1 percent and the rest of America, and between the US and the rest of the world, cannot and will not persist,” says the investor. “Historically, these kinds of gaps get closed in one of three ways: by revolution, higher taxes or wars. None are on my bucket list.”

Jones proposes a fourth way: just corporate behavior….

Ultimately, Jones hopes, the free market will take hold and reward the companies that are the most just. “Capitalism has driven just about every great innovation that has made our world a more prosperous, comfortable and inspiring place to live. But capitalism has to be based on justice and morality…and never more so than today with economic divisions large and growing.”

Justice, capitalism and progress: Paul Tudor Jones II at TED2015 [TED Blog]
‘Just Index’ sets sights on market solution to inequality [FT]