Peter Thiel, the billionaire PayPal co-founder and libertarian venture investor, on Thursday shared his thoughts on the roots of U.S. income inequality and offered some sideways praise for WhatsApp founder Jan Koum's "heroic escape" from welfare. The remarks came during a debate on the good and bad effects of technology on U.S. workers, according to a recap by Forbes. The role of tech on income inequality has been a growing source of friction in the country, boiling up in demonstrations against Google buses and tax breaks in San Francisco.
Image: Bloomberg/Patrick T. Fallon - Peter Thiel, president of Thiel Capital, blames globalization rather than technology for growing income inequality in the U.S.
To read the original article: Peter Thiel on income inequality, globalization and WhatsApp - Silicon Valley Business Journal
