Should Billionaires Exist?
Addressing the existence of billionaires -- or any other titanically wealthy individual -- is missing the mark because it is the fiat money system itself and the perverse incentive structures surrounding it that deserve our attention...
@Woof
I get what you’re saying about the system being the bigger issue, but I think focusing only on fiat money kinda sidesteps the original question a bit. Even if the system
is flawed, billionaires are still a product of it, and they benefit from it the most.
Also, bringing up fairness (like the monkey experiment) actually kind of supports the concern about billionaires, not dismisses it. If people naturally react to unfair distribution, then seeing extreme wealth gaps isn’t just a “system problem,” it’s something people are wired to question.
I guess where I’m at is: yeah, maybe the system is the root cause, but shouldn’t we still question the outcomes it produces? Like if a system consistently leads to a tiny group holding massive amounts of wealth, isn’t that worth addressing directly too, not just philosophically?
I couldn't really tell if you were disagreeing or agreeing but that's my analysis on it.