this post was submitted on 17 Jul 2024
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That's exactly what people should say, billionaires shouldn't exist, it's that simple. 80% of US citizens live paycheck to paycheck, people have a hard time affording to pay for basic needs, meanwhile you've got companies that take a big enough cut on everything they sell that their owner can afford to spend in a day more than the average person will make in their whole life without having to even think about the impact that will have on their ability to pay their bills.
The wealth they accumulate comes directly from our pockets, stop defending them, they exist because we pay more for things than they're truly worth.
I don't get what you want. Propose a reality where it'll be impossible to become a billionaire? Would it be like communism or something?
Doesn't need to be communism, just need a system in place to limit profits. Everyone but the most wealthy would end up with more money in their pockets if companies didn't make billions in profit that goes to their owners and investors.
Good luck with that? I don't know how much far this reality is, but I'd guess it's not current century. Not that I wouldn't support it, it just doesn't seem realistic and positive st the same time right now.