Should Billionaires Exist?

From Episode 111 of #AskAbhijit.

--------------------------------------------------------------------------
SUPPORT THE CHANNEL
--------------------------------------------------------------------------
--------------------------------------------------------------------------
JOIN #AbhijitChavda
--------------------------------------------------------------------------
--------------------------------------------------------------------------
#AskAbhijitChavda #AskAbhijitPodcast #Abhijit #Chavda #AskAbhijitShow #AbhijitChavdaClips

[shyama]

Bernie used to say 'millionaires and billionaires should pay their fair share" but as soon as he became a millionaire, he is now only saying billionaires.

[socialistsolidarity]

I think most people don't realise how much 1 billion is, no one is going to use that much money in their lifetime. Also, for people who think "hard work makes you a billionaire", hard work doesn’t get you a billion dollars — rent extraction, financial speculation, resource monopolization, and exploitation of the working people do. Simply put, if you already have wealth it's easy to make more money.

[b.l.]

Elon Musk- China can't copy Tesla
China- yea because we have Elon ma

[khtsh]

Chanakya said
Don't stay in any village
If theirs no rich person in that
Village

[The_Middle_Class_University]

2:25 did he just mention George Sorrows

[Shortsbuzz]

If innovative and competition is encouraged and rewarded in India then we can see more number of billionaires in our country as well. I think startups and businessmen should be encouraged more. That’s my personal opinion..

[tkj]

Being born as poor is not my fault but if i die as poor thats my fault. If you are rich can bring change mostly at physical things and can innovate bring good change for society as well.

[michaelbatts]

Let there be billionaires and multimillionaires and so forth and so on. Let them be taxed accordingly. If I am a successful multibillionaire businessman and investor and making money, yes! I will gladly pay the appropriate restitutions and taxes. As long as they are being used correctly, run with it.

[krishnabhagat]

Genuinely one of the best answer/ discussion by Abhijit Sir. 👌

[platinoid]

Sir, you're the best person who has information about everything and explains us briefly.

[PhunnyBeeziness]

Here’s the thing beside that motivational bs we must check the reality. No one can become a billionaire without black money. Everyone takes it to be mehnat ka paisa, this is commercial bs.

[DuttajiOfficial]

#AskAbhijit Greetings, Sir. I am a student of business administration & I was planning to go out to the west for further studies. Fortunately for me, I am the curious one & started reading about how West plundered & robbed us of our treasury, knowledge & glory(Shameful act). Now, by looking at how my country needs the youth to stay here, support it & make it prosperous from the very roots of it I started preparing for Civil Services Examination. But to my surprise it's a whole different world. Sir, It hurts me to the core to see how anglophilic & left-biased things we'll have to study to be able to take an attempt at one of if not the most prestigious exams in our country(Teachers tell you that britishers did good to & for us & you have to subscribe to an utterly left-biased newspaper to even start preparing for it, The Hindu lol). Sir, Why are we, our government or any other related organization not doing something about it? Why is it happening in the first place? What can we do on our level to have a better & brighter future in this context? I mean, what is a country if even it's administration is not nationalist but anglophilic & left-biased?

[bhushankhandare]

Being rich is not bad, being exploitative is

[marky]

The thing is that that I don't respect Foreign Billionaires because they are pretty shady in their dealings.I admire our Indian ones because most of them are selfless and humble and inspiring.I only hate billionaires when they try to interfere in basic services. For Ex- Big Pharma companies like Pfizer and Moderna blocking vaccine equity, Bill Gates Buying all the Agricultural Land and Elon Musk starting Las Vegas Loop which has a bad efficiency just to make a dent in High Speed Rail Projects.

[devotee]

Billionaires give money to political parties and these parties intentionally create loop holes in the system which ultimately benefits rich and increases tax for lower and middle class.

[flyingguitarist]

What Abhijit sir told about electronics stuff is technically known as Planned obsolescence. Innovators are forced to design such a way

[coolbro]

We have an Onida tv the box type still works flawlessly and a whirlpool refrigerator, pretty sure it has completed 2 decades and the cooling is impressive, yes had to change the compressor other than that it is one hell of a product.

[adityaadlawar]

#AskAbhijit I read somewhere that if someone figures out a way of mining asteroids, then he will be the first trillionaire .
Your thoughts on this ?

[flyingguitarist]

Sir same case for social media, these people using latest psychological findings designing such apps by exploiting human vulnerabilities resulting to mental health disorders, addiction and so on .. inorder to stay in these apps.My Generation has been affected by this

[ashvika]

Their wealth is the share they own.. they most don't sell their companies.