Should billionaires exist? 「Yes or No」

[Colonial Mars]

Yes, the rich should exist because without them there would be no businesses which means no products to buy and no jobs to works at which in the end means you'll have government industries itll just turn into communism and everyone will be equally poor and slaves to the government

[Dominioan]

If you mention anything about money in this forum, chaos will follow

Did someone say money?

The proletariat hasnothing to lose but its chains down with the oppressive capitalist system aah vgchbjnh vbhunihbuvyfcrt hubchbgcvfgbhnjhbgvfcvgbhnjhbgvfcvgbhnjhbgvfcdfvgbhnjnhbybghnjnhbugyvfdx

-Carl Marks

Really I think most everyone hates billionaires, they don't really benefit anyone on either side (except billionaires(and libertarians))

[Cordel One]

Did someone say money?

The proletariat hasnothing to lose but its chains down with the oppressive capitalist system aah vgchbjnh vbhunihbuvyfcrt hubchbgcvfgbhnjhbgvfcvgbhnjhbgvfcvgbhnjhbgvfcdfvgbhnjnhbybghnjnhbugyvfdx

-Carl Marks

Really I think most everyone hates billionaires, they don't really benefit anyone on either side (except billionaires(and libertarians))

You'd be surprised, there are still tons of people waiting for the money to trickle down.

[Disgraces]

Yes, the rich should exist because without them there would be no businesses which means no products to buy and no jobs to works at which in the end means you'll have government industries itll just turn into communism and everyone will be equally poor and slaves to the government

No

[Eurasies]

This will easily become another topic of the Left vs. the Right

Nah not really, I'm right wing on the slight majority of issues but billionaires are actually a glitch in the system, no one should have that kind of money specially in a world where factories and companies roam around the world always findinding cheaper labor and leaving millions unemployed elsewhere. Millionaires yeah if they have the merit, billionaires... It's just a glitch as no one, no matter how smart, hard worker generates that amount of money, it's only possible in this globalized market were tech giants and huge multinationals have more power than countries and where the wealth concentration in the hand of the few is mental.

I am liberal, and I parcially agree with what you say

But it is a matter of time before the ultra-conservatives come to defend the billionaires

[Imperium Latine]

Yes, the rich should exist because without them there would be no businesses which means no products to buy and no jobs to works at which in the end means you'll have government industries itll just turn into communism and everyone will be equally poor and slaves to the government

Rich and billionaire is really a big difference, that's like comparing my mom's golden necklace of her communion and the amount of gold that Mansa Musa had.

[Major-Tom]

If they pay their fair share in taxes, sure. But we don't see a whole lot of that in the US.

[Cordel One]

Nah not really, I'm right wing on the slight majority of issues but billionaires are actually a glitch in the system, no one should have that kind of money specially in a world where factories and companies roam around the world always findinding cheaper labor and leaving millions unemployed elsewhere. Millionaires yeah if they have the merit, billionaires... It's just a glitch as no one, no matter how smart, hard worker generates that amount of money, it's only possible in this globalized market were tech giants and huge multinationals have more power than countries and where the wealth concentration in the hand of the few is mental.

I am liberal, and I agree with what you say

That would make you right wing on the slight majority of issues, so you would.

But it is a matter of time before the ultra-conservatives come to defend the billionaires

A few already have.

[Wizlandia]

-Carl Marks

Really I think most everyone hates billionaires, they don't really benefit anyone on either side (except billionaires(and libertarians))

You'd be surprised, there are still tons of people waiting for the money to trickle down.

Trickle Down Economics in a nutshell.

[Ethics Committee of the SCPF]

Yes because who else will we tax.

[Imperium Latine]

Nah not really, I'm right wing on the slight majority of issues but billionaires are actually a glitch in the system, no one should have that kind of money specially in a world where factories and companies roam around the world always findinding cheaper labor and leaving millions unemployed elsewhere. Millionaires yeah if they have the merit, billionaires... It's just a glitch as no one, no matter how smart, hard worker generates that amount of money, it's only possible in this globalized market were tech giants and huge multinationals have more power than countries and where the wealth concentration in the hand of the few is mental.

I am liberal, and I agree with what you say

But it is a matter of time before the ultra-conservatives come to defend the billionaires

I'm sure it's bezos or zucc trying to convince us that this is the right way ahaha

[Nepleslia]

Yes, because some nameless, corrupt, unaccountable, and unelected bureaucrat should never be allowed to “redistribute” an individual’s legally acquired wealth - the wealth that he or she (and not that bureaucrat) put their valuable sweat, blood, and tears into - regardless of said wealth’s value, be it one hundred dollars or one billion.

(And before it gets brought up by some socialist trying to be clever, no, I don’t consider taxes to be “redistributing wealth - unless said tax is unreasonably high like it is in certain Democrat-run cities.)

[Major-Tom]

Yes because who else will we tax.

Somebody should tell them to pay their taxes, then.

[Cordel One]

Yes, because some nameless, corrupt, unaccountable, and unelected bureaucrat should never be allowed to “redistribute” an individual’s legally acquired wealth - the wealth that he or she (and not that bureaucrat) put their valuable sweat, blood, and tears into - regardless of said wealth’s value, be it one hundred dollars or one billion.

(And before it gets brought up by some socialist trying to be clever, no, I don’t consider taxes to be “redistributing wealth - unless said tax is unreasonably high like it is in certain Democrat-run cities.)

I was gonna write a response but then realized I already had a page before.

There is no justification for the existence of billionaires and what they do to the working class. The ability of production has broken capitalism to the extent that companies have to artificially create scarcity by destroying excess products to remain profitable. The capitalist hierarchial structure has outlived its usefulness, but the companies still control the means of production. Shareholders and CEOs are the only ones that benefit from the modern system, the rest of us just toil for their benefit. It's workers that generate labor value, not CEOs. Billionaires are not billionaires because they work hard, but because others work hard. I don't know how these leeches can sleep at night knowing how much pain and suffering there is in the world, much of it caused by their own megacorporations. Meanwhile the top 100 companies are responsible for more pollution than the rest of the population combined.

P.S. High school econonmics is an outdated theory, but Marxian economics is still relevant.

P.P.S. Guess who else is faceless, unelected, and unaccountable?

P.P.P.S. Communism doesn't wok the way you think it does.

[Disgraces]

Yes, because some nameless, corrupt, unaccountable, and unelected bureaucrat should never be allowed to “redistribute” an individual’s legally acquired wealth - the wealth that he or she (and not that bureaucrat) put their valuable sweat, blood, and tears into - regardless of said wealth’s value, be it one hundred dollars or one billion.

(And before it gets brought up by some socialist trying to be clever, no, I don’t consider taxes to be “redistributing wealth - unless said tax is unreasonably high like it is in certain Democrat-run cities.)

[New haven america]

Yes because who else will we tax.

It'd bee nice if they started paying their taxes then.

[Wizlandia]

Yes because who else will we tax.

Somebody should tell them to pay their taxes, then.

Misleading, as addressed by the centre-left Tax-Policy Center.

[New haven america]

Somebody should tell them to pay their taxes, then.

Misleading, as addressed by the centre-left Tax-Policy Center.

Trump only paid $750 dollars in taxes, we have his tax documents to prove it.

And he definitely ain't one of the smarter billionaires out there, so if even he can do it? Yeah, no, take away their money.

[Wizlandia]

Misleading, as addressed by the centre-left Tax-Policy Center.

Trump only paid $750 dollars in taxes.

We have his tax documents to prove it.

Not really relevant to the claim that was being addressed.

[Kubra]

They hoard money and keep it stagnant, which does not help the economy at all. And while many are self made, and I respect that, a lot are just from rich families and don't have to put any effort into anything since they already have the money they need.

Billionaires don't generally "hoard" money. The billion figure isn't a bank account balance, but the valuation of total assets.
Don't justify the fella's, ima just sayin'.

[Nepleslia]

Misleading, as addressed by the centre-left Tax-Policy Center.

Trump only paid $750 dollars in taxes, we have his tax documents to prove it.

And he definitely ain't one of the smarter billionaires out there, so if even he can do it? Yeah, no, take away their money.

Whether or not a billionaire is “smart” has nothing to do with how skilled his or her’s team of tax attorneys are.

Edit:

-snip-

Not really relevant to the claim that was being addressed.

Yeah, good point. /derail

[Cybus1]

Yes. If they or their company are providing a product or service people are willing to purchase, then yes. It’d be much better if they treated their workers better, yes, but mistreating workers doesn’t mean they have no right to exist.
In my opinion, nobody has the right to say “x should not exist”, no matter how unpleasant or repulsive they think the person or thing is; because when the shoe is on the other foot, you’ve created a precedent leading to your own destruction because someone else finds you or your values unpleasant or repulsive.

[Wizlandia]

P.S. High school econonmics is an outdated theory, but Marxian economics is still relevant.

No. While you should definitely learn more than just what's taught in HS, it is by no means irrelevant, just like basic Newtonian physics isn't irrelevant.

And Marxian economics has always been non-rigorous and completely untestable pseudoscience.

P.P.P.S. Communism doesn't wok the way you think it does.

Communism doesn't work period.

[Imperium Latine]

Somebody should tell them to pay their taxes, then.

Misleading, as addressed by the centre-left Tax-Policy Center.

You guys only pay that in taxes? In here even minimum wage gets 11% immediately off, much more for the rest. Not to even mention the rest of stuff we have to pay. Ffs

[Cybernetic Socialist Republics]

No, obviously not. The strongest argument for the existence of the super wealthy is that these people were good at capital allocation/entrepreneurship and need to be rewarded. As time goes on that stuff is increasingly done by asset management fitns that pay people salaries to do this and they're more than capable of doing so without owning the assets they manage.

Capitalism it's self has outmoded the billionaire, probably even the hundred millionaire. We don't need them for an effective market economy, redirect the passive income they draw into a basic income.