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Billionaires should not exist. They should be taxed out of existence.
Seriously. If they want to keep their money, they should be forced to invest it in companies that generate jobs.
Isn’t that exactly where most billionaire’s wealth typically is? A lot is in stock of some company they started or invested in.
You can’t gobble up the excess value created by workers if there are no workers.
...unless you gobble up your rivals instead, creating a monopoly, shrinking the job pool through consolidation, sweating the remaining employees that are competing for the vanishing opportunities to keep a roof over their heads, causing market failure and generally fucking everyone over.
This is the strategy adopted by the likes of Bezos, Zuckerberg, the Waltons, and arguably the majority of the biggest drains on our society. Billionaires
Well yeah, all that consolation and abuse of the working class means more productivity per person, and since we definitely aren’t going to pay them more that means we’re now worth $100 billion versus the measly, honestly embarrassing, ten figures we had a decade ago. Single-digit billions, could you imagine the shame?
/s but what you describe is honestly seen as a good thing by c-suite sociopaths. The super rich people you mentioned are heroes to them. Such efficient use of capital to create shareholder value!
And that's the issue - we've structured our economy for the benefit of the owners rather than the contributors. Sociopathic as they are, the C-suite are just doing what they're motivated (and to a lesser extent legally obligated) to do.
Change the incentives, change the behaviour, change our society for the better.
Yep. No pity. There is an upper limit on how much money one person can meaningfully benefit from. And our system creates these insane leaks that pour value into mile-deep, inch-wide holes. It’s honestly a form of waste. Radical capitalists should embrace this idea.