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ColoringFool

(18 posts)
9. There Should Be No Billionaires
Sun Oct 26, 2025, 06:38 AM
Sunday

No billionaire is 100% "self-made."

Oh, sure, they might very well have originated a brilliant concept that they turned into something the public valued enough to buy, and we can all think of examples.

But without favorable tax laws and co-operative banks and/or backers, what are the chances of going from millionaire to billionaire?

Beyond a favorable Capitalist system, there's the real question of ethics and corruption, and in this decade we've seen little of the former and innumerable examples of the latter, from attorneys to judges to politicians to media people to too many others, souls purchased by.....billionaires.

And while it is true that there exist charitable billionaires, why should that be laudatory, when a government, with the monies from fairly taxing the wealthy before they got to Musk status, is able to more equitably distribute those funds. At least, until the current Administration.

IOW, I strongly believe that billionaires have far too long a reach into our government, buying votes in order to benefit themselves, to determine budget considerations, and even to affect geopolitical decisions.

That isn't even touching on international crime.

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