“Billionaires should not exist — at least not in their present numbers, with their current globe-swallowing power, garnering this level of adulation, while the rest of the economy scrapes by.” — Farhad Manjoo, New York Times. Should Billionaires exist? The history of humanity and of this earth is not one of billionaires, and the conditions necessary to maintain them have been conquered not by reason, not by resolve, but by force and at gunpoint. This is a question I've been hearing about lately. We now have two Democratic candidates resting safely on each side of that question. Vote. Billionaires should not exist — at least not in their present numbers, with their current globe-swallowing power, garnering this level of adulation, while the rest of the economy scrapes by. share. So billionaires are good. More wealth means more money (well, "more money" is pretty much a guarantee these days, but more wealth means the money still has value), and the reason people MAKE efforts to create wealth to the insane degree we see nowadays is mostly due to status-seeking. Politics This is a split board - You can return to the Split List for other boards. There isn't an arbitrarily limited amount of wealth to go around; more is being created all the time. Billionaires do, And should exist. When asked if billionaires should exist, Senator Bernie Sanders said they were “a moral and economic outrage” and that it is terrible that the three richest Americans control as much wealth as half the country (nytimes.com).And unless one is a billionaire, it’s hard not to agree. No, there should be no billionairs. Should milionaires and billionaires be allowed to exist? They should exist because progress is both possible and desirable; they should exist today because capitalism is optimism applied to markets; and they will exist in the future, in far greater frequency than today, unless we deny ourselves such success. Lifestyle. A billionaire is defined as someone wit S hould billionaires exist? Meanwhile, Americans 30 to 49 years old are slightly more likely to say billionaires are bad (24 percent) than good (20 percent). Bernie Sanders says billionaires should be … 100% Upvoted. Billionaires are an existential threat to democratic societies. Billionaire’s shouldn’t exist, but it’s not about blaming one or two specific billionaires in particular – although what would be small change to Jeff Bezos could very well solve the crises we’re seeing in Yemen right now – but we should focus on fixing a broken and detrimental system. The free-market capitalist system is, By design, Unequal because there are always people more ambitious, More able to plan and execute their plan, And simply more willing than others to educate themselves to acquire the skill to put their money to work for them as opposed to just working for money. 24 votes. report. You must be logged in to vote. It triggers a core aspect of American identity, rooted in American individual and exceptionalism—should we be allowed to reap the rewards of our own efforts? save. Of course. Billionaires didn’t earn their wealth on their own In the 2020 presidential cycle, “Should billionaires exist?” is the question. There has been much heated debate in the US and the UK on this subject recently. Yes, they earned every single penny! 1 comment. Barack Obama was wrong. hide. 2 days 23 hours left.
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