Uber has claimed that more than 80% of all the fares ever collected has directly gone to drivers. By creating massive demand mostly in the well-off parts of a city, it opens up a channel for one-to-one wealth transfer to the predominantly less well-off drivers.

This is quite different from other platforms that suck up money from local economies and then disburse most of them to the elite few, or park the cash in some offshore accounts.

I think there's a nuance here that is often lost in this kind of discussion about inequality.

VC's get their money from everyone else: pension funds, college endowments, charitable foundation endowments, and insurance companies.

It quite literally is a case of our children funding this.

But it's true that VCs, private equity and bull markets in general, which people always think of as profiting mostly very rich people are actually essential to fund most retirement plans, pensions and insurances.

But in the past decade pension funds have increased their "alternative" investments since their traditional bread and butter,bonds and fixed income, have had abysmal yields due to low interest rates. Yet with pension payout obligations having only gotten bigger (especially in europe, with the aging population, the pressure to generate returns is pushing the fund managers to seek out riskier and riskier investments.