HisGrace
Junior Chimp
Posts: 5,811
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« on: January 24, 2019, 06:09:45 PM » |
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The problem with this reasoning is that there's no evidence that the existence of billionaires dampers the standard of living for anyone else. If that were the case the countries with the highest concentrations of billionaires would all be 3rd world countries where almost everyone lives in abject poverty. That's not the case at all, the countries with the highest standards of living have the most billionaires. Not just the US, but the UK, France, Germany, France, Italy, and Canada (happy, utopian, social democratic countries) all have high concentrations of billionaires. There's no positive correlation whatsoever between the number of billionaires and people in poverty, and if anything there's a negative correlation.
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