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In reply to the discussion: Billionaires [View all]

bucolic_frolic

(55,513 posts)
2. Trouble is they are the product of unfettered capitalism and the incentive system
Thu Apr 23, 2026, 05:28 PM
Thursday

Nothing happens in the world without somebody getting paid, in some form. People cannot be employed without capital for businesses, bank loans or private equity or venture capital. We were taxing them at one time.

Even pre-Revolutionary America had wealthy elites who imported, employed, held vast estates, and this an era of no banking.

Wealth concentration has gotten completely out of hand.

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