Billionaires are great for the economy!*

*if you're a billionaire

How is it that concentrating wealth in private pools is better than spreading it around?

> the corporations they create and invest in generate massive amounts of tax revenue

Economic activity does generate tax revenue, billionaires generate economic activity. But if we took the billions (leave them millions, gready as they are) and spread it around it would have the opportunity to generate much more economic activity

The concentration of wealth, and the resulting concentration of income and widespread middle class impoverishment is catastrophic for our economy.

It is why, in real terms, incomes have been static for thirty years whilst the size of the economy has roughly doubled

Billionaires don't seem to create anything new when they're billionaires. You look at companies like Google or Meta and they acquire companies and teams but what sort of truly successful projects and products did they create from whole. It seems like a string of failures, canceled projects and lackluster product offerings to me.

If we can tell poor people how to behave for their own good then we can certainly help billionaires out too by taxing them back to creativity.