Not really… that’s kind of the whole point of fiat currencies, you can always mint more.
Most billionaires don’t even have any money. At that level they don’t need it. They don’t pay for things. They just get loans they’ll never pay back, with older loans as collateral.
The problem with billionaires isn’t money (though billionaires are one of the main problems with money). The problem with billionaires is that their fiat, virtual, wealth gives them an unfair amount of influence over everyone else’s lives, and that they alone get to enjoy a living standard (being able to get all your necessities and live a fulfilling life essentially for free) that should (and could, with an adequate distribution of resources) be available to everyone.
There is a finite amount of money in this world. For one person to have more means others have less. There is no going around that simple fact.
Not really… that’s kind of the whole point of fiat currencies, you can always mint more.
Most billionaires don’t even have any money. At that level they don’t need it. They don’t pay for things. They just get loans they’ll never pay back, with older loans as collateral.
The problem with billionaires isn’t money (though billionaires are one of the main problems with money). The problem with billionaires is that their fiat, virtual, wealth gives them an unfair amount of influence over everyone else’s lives, and that they alone get to enjoy a living standard (being able to get all your necessities and live a fulfilling life essentially for free) that should (and could, with an adequate distribution of resources) be available to everyone.
8 people now have more than 53% of the world combined.