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I always roll my eyes when I hear “billionaires are unethical and shouldn’t exist.”

The problem is not that billionaires exist.

The problem is an infinitely expanding money supply that's exploited to create wealth inequality, enslaving many and empowering a few.

If you think billionaires are bad, wait until we start hearing about new trillionaires.

grey 1y ago

There are billionaires that provided value and billionaires that set up shop next to the money printer. They are not the same.

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Discussion

Carla 🧡⚡️ 1y ago

The problem is still the same

Calmorb 1y ago

wherever there is a problem there is a Good opportunity

Keysa - Simplest Bitcoin Edu 1y ago

Yes and still a good distinction to have, esp when discussing the topic with those that have the mindset you reference.

To clarify for them that, if someone makes their fortune from providing value that the free market appreciates is very very different from those that make their fortune simply rent-seeking and benefiting from the cantillon effect.

The former will always exist, and are to be appreciated for their contribution to society, while the latter would not exist in a truly sound money standard.