5 ms·
> The question if billionaires are bad for society is pretty much the same question as asking if the aristocracy was bad for previous societies. Are you compar
by kuzimoto 6y ago
> The question if billionaires are bad for society is pretty much the same question as asking if the aristocracy was bad for previous societies.
Are you comparing billionaires of today, with dictatorships and monarchies of yesterday? Where people can be killed, jailed, sent to work camps, etc. at will? Are people today working for "the man" essentially indentured servants?
> The existence of billionaires clearly undermines the core principles of democracy which is that all people have essentially the same political power.
I don't think this is a core principal. Every person should have the same voting power, and the laws should apply to everyone equally. But the president and representatives clearly have much more political power than any average citizen.
> Essentially strong wealth imbalance leads to unstable societies.
This is a big claim, and would have to show some sort of evidence to support it.