The U.S. Would Be Better Off With Fewer Billionaires
Living under an oligarchic system, we should develop a healthy skepticism of the actions of billionaires, whether they are running for office, bankrolling other candidates or giving billions to charity.
When folks say that billionaires shouldn’t exist, it’s nothing personal. Some billionaires are nice enough. Some spend generously on philanthropy.
That all sounds great. But we don’t need more do-gooder billionaires that give to charity — we need fewer billionaires.
The problem isn’t really individuals making money. The problem is having an entire system that grows the wealth of billionaires at the expense of everything else we care about — including our democracy.
As the concentration of wealth in our country accelerates, an increasingly small sliver of the population enjoys an increasingly large say over how wealth and power are distributed. And make no mistake: Wealth is concentrating.