Democrats want us to believe that there is some cohort of “good billionaires” who can be relied upon to fight for political progress. But as the right-wing turn of tech billionaires like Mark Zuckerberg and Elon Musk suggests, this is nonsense.
I’m not defending all billionaires, but there is nothing wrong having net worth of at least a billion because the assets came from your own company. What is more questionable is how can someone go over one billion worth of assets.
The reason they got that money in the first place is because the company charged the customers enough to generate that profit, they could just as well have cut their profit and made that billionaire a multimillionaire and all customers would have kept more money in their pockets.
They also make the decision to accumulate this wealth instead of redistributing it to those in need, that’s a conscious choice that they make.
I’m not defending all billionaires, but there is nothing wrong having net worth of at least a billion because the assets came from your own company. What is more questionable is how can someone go over one billion worth of assets.
The reason they got that money in the first place is because the company charged the customers enough to generate that profit, they could just as well have cut their profit and made that billionaire a multimillionaire and all customers would have kept more money in their pockets.
They also make the decision to accumulate this wealth instead of redistributing it to those in need, that’s a conscious choice that they make.