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this post was submitted on 04 Oct 2023
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Far better than the shitheads that add nothing to the world and become billionaires through financial manipulation and employee exploitation.
Seriously, 1.2b a drop in the ocean compared to generationally wealthy who leech off of society paying almost no tax by extending tax liability to infinity through gifting and buying politicians who create loopholes for them.
I can't think of a single person who became a billionaire, yet added nothing of a value to the world. Sure they may have manipulated and exploited while at it, but there's still usually a product of some sort in the end, and the fact that they became wealthy indicates there was demand for said product.
If someone adds value to the world, but does so through exploitation of the workforce, scamming their customers, or tax evasion. They didn't actually add anything to the world. They are net negative.
That’s an argument for the product, but the system still promotes shitheads to the heads of the companies that deliver said products.
And that still means shitheads are shitheads, regardless of the amount of money they have.
Net negative matters.
I could, for example, kill every animal in the forest then claim how good it is that the plants grew so much that year without so many things eating them. In the long run, it's very negative however.
Same for billionaires. You could say how great it is that we have electric cars, but who gets hurt and could it have been done without harm to people or society?