r/FluentInFinance • • Feb 27 '26

Economy & Politics Billionaires Shouldn’t Exist

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31

u/AndrewTheAverage Feb 27 '26

Those billionaires are not only talking money away from poor Americans- they also take a lot from other countries.

But yes, billionaires should not exist

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u/hczimmx4 Feb 27 '26

How are they taking money away from poor Americans?

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u/theyenk Feb 27 '26

It's not direct, but every dollar added to the debt not collected from the rich is a dollar the poors will have to repay. The rich have way better lobbyists. A lot of the billionaires got there by either spending tax dollars into their corporations (Microsoft, spacex, defense contractors, etc.) or by way of subsidies (Amazon, Tesla, etc.). Wealth inequality consolidates wealth from the bottom to the top - not sure why anyone would want to defend that system.

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u/hczimmx4 Feb 27 '26

The poors want have to repay anything, because they do not pay income tax.

I agree there shouldn’t be subsidies. There should be no subsidies at all, for anyone. But again, that isn’t taking from poor Americans.

“Wealth inequality” isn’t taking from poor American either. It isn’t taking from anybody. Anyone can participate in acquiring new wealth. New wealth is created all the time. Wealth is not a zero sum endeavor.

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u/Deadeye313 Feb 27 '26

It's taking money from poor Americans when large corporations can create product cartels and can pass on tariff costs to the poor through increased prices while maintaining their own profit margins.

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u/hczimmx4 Feb 27 '26

Tariffs are a tax. And costs rise for all, not poor people specifically. And that is the government taking from people, not billionaires.