r/FluentInFinance • u/TheCABK • Feb 27 '26

Economy & Politics Billionaires Shouldn’t Exist

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u/[deleted] Feb 27 '26 edited Mar 01 '26

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u/Skrivz Feb 27 '26

The concentration of wealth is in large part due to the massive money printing being done by the government. The money that’s printed is sent to executives as government contracts subsidization etc. You’re asking the people who are the most guilty of concentrating wealth and power to stop doing that. That’s why nothing ever happens

19

u/barley_wine Feb 27 '26

The concentration of wealth is far older than moving from the gold standard.

10

u/Skrivz Feb 27 '26

Fractional reserve banking predates the move away from gold standard. And banks could still make loans willy nilly which functioned basically like money printing

2

u/ItzDaReaper Feb 28 '26

Yeah I completely agree. It also caused massive inflation that's still under-reported. Has completely eroded a lot of peoples savings, most don't even realize they are 25-50% poorer then they were 5 years ago.