Should Billionaires Exist? #MiddleGround

[Enotsw]

I think something that a lot of people don’t consider is that we often pay more taxes than these rich people who use loopholes and offshore accounts to avoid paying their taxes and get richer because of that

[S_J_banana]

The rich will forever exist as long as there are poor people and vice versa

[davidbrock]

These goobers dont have a clue what unrealized gains are. Most billionaires or even millionaires dont have banks full of money. Its tied up in assets that they have invested in.

[yisroelkonovitch]

These guys have zero understanding of the economy and the way money works

[Nothuman]

Elon Musk employes 110K, Waren Buffet employes 330K Bill Gate at Microsoft employed 110k, Billionaires employe a massive amount of people...

[patrickcollins]

*billionaires who got rich off government favours should not exist

[mhkk]

They don’t spend billions, they invest it.

[kairilyn]

I actually agree that there should be a cap. No one family needs BILLIONS of dollars to thrive, you can easily live in luxury with $500 million. After $500 million the rest should be distributed back into the country - but there should also be improved checks and balances so that the government doesn't hoard the money either. This is a tricky topic because it can easily spill into Communism which we don't want either. Definitely going to tune into this episode!

[killstreak]

I don't think we should allow others to possibly live in great mass excess. But if we do, then tax them more. It should be that simple. But there are those that are also helping, in places of power, to keep the rich getting richer. There are a lot of areas that have to be targeted in order to change it.

[mildymorbid]

I don't think anyone should have that much hair, its not a necessity to have that much. Like you dont need that hair to function, there's a cap where you can survive and thrive with this amount of hair and you dont need more than it and if yoi surpass it youre just hoarding hair.

[TechGamesAU]

People claiming there's no reason to have billions of dollars, it's just an argument from ignorance because they don't have any idea what owning a multi-billion dollar company entails.

[livingangrycheese]

It is literally impossible to *earn* a billion dollars. Not only can no person work that much harder than, say, someone on minimum wage, but in fact you need to exploit people to gain that much wealth.

[himthorn]

Only broke people say billionaires shouldn't exist, out of pure jealousy

[davidakin]

If u work that hard to be a billionaire, by all means enjoy your wealth to the fullest. There has to be a certain mentality that make billionaires who they are. If all the wealth in the world was evenly distributed, with time, those billionaires would still become wealthy. It has to be the mindset.

[doloresberry]

This proves how little people know about money and power.

[jhan]

Billionaires and rich people are smarter and less lazy than poor people in most cases. It doesn’t make sense to give money away to those who “need” it when they don’t think/act like a rich person. Poor people aren’t always the nice/empathetic people and rich people aren’t less empathetic or evil

[cl]

I’m open to hear why there shouldn’t be billionaires, but I think those were silly reasons. Maybe I’d agree if I heard the full response and not just the clip

[iiiiiiiiiiiiiiiiiicodebar]

And that’s how communism came to be, and there hasn’t been a single country that their ppl live happy and without a lot of economic collapsed

[denvermalcomb]

Most billionaires are why we have a job market. If they give away their money to people who need it then the jobs will disappear

[Snider]

Going to space for fun = creating the technology and ingenuity to explore and create