We don't need more billionaires..

[greysonz]

The world does not have a poverty problem, the world has a greed problem, we don't need more billionaires, we need fewer, some has 2 hundred billion while some is drinking dirty water.

Forgive me, but I think your thinking is naive. The laws are designed so that if someone gets rich, no one can simply force them to do charity work. It's the inviolability of other people's property. Even if a rich person can buy Australia, no one can dictate what kind of good deeds they should do for the world. That's life.
I hate children's tears, and I think the world should put an end to them. But the poor themselves must show that they are doing something, and not just lie on the ground and say they are hungry. The world is a harsh place, and natural selection has not been abolished.

[Zlantann]

We don't need more billionaires, really? You sound like there's a raffle for billionaires and we don't need to organize that again to make more of them, stop being ridiculous. It is fucking capitalism, it is a competitive market. This people you seem to hate so much did not have free tickets handed to them, they were innovative and many other things people who hate them are not.

Yeah, many of them worked hard to get to the millionaire level. But it doesn't erase the fact that some of them are the most corrupt people. They engage in shady businesses with corrupt politicians and even produce things that harm humanity. The scandals in the global pharmaceutical industry are just an example of how some of these corporations take advantage of the poor masses.

Lol, I could not help but laugh when I read this part. So, you mean to tell me that these wealthy men that you listed, decided to make money because they want to end world hunger? Are you a rich man?   (dumb question), if you are, then is everyone around you rich too and not hungry? You clearly do not understand how the world work mate, else you would know that it's not the primary duty of wealthy people to stop poverty or hunger in the society, perhaps these rich people are paying huge amount of money in tax which contribute to the country revenue and the company that run also helps to provide job opportunity for many citizens.

I feel the kind of mentality you are subscribing to is the "entitlement mentality," You think that these wealthy people own you or own anyone 6% of their wealth. However, you didn't think it wise to acknowledge that these reach people started from a low place many year ago before they built their wealth little by little. You only talked about how you expect them to spend their money.

I might not agree with everything the OP has said, but it also contains some truth. What are your views about workers receiving peanuts as pay while the wealth of business owners keeps increasing?  What is your take on these billionaires avoiding taxes through different means while the poor are obliged to pay taxes? Dont you think workers should be protected against job losses caused by these innovations by big corporations?

[Marvelockg]

The world does not have a poverty problem, the world has a greed problem, we don't need more billionaires, we need fewer, some has 2 hundred billion while some is drinking dirty water.

And yet, if you’re fortunate to be among the billionaire class, you will eventually understand that when you have access to wealth, your goal will be more on how to create more wealth with the wealth you’ve already gathered. Private individuals that managed to build wealth to a reasonable degree don’t owe you anything. If they decide to help the poor population, it’s out of their own will. After all, the government tax them and take from them every now and then and you should also be concerned to know what the government are doing with those money.

We need more millionaires and billionaires especially in the business environment because they always create opportunities for the average person. If we depend on the government alone for job, poverty will be on a massive increase.

[Findingnemo]

Absolute BS, why people keep justifying that we need to steal money from the rich?

Being rich is a crime?

They made money because they knew how to sell their product to the people and they keep doing it with more profits and somewhere people are sleeping with empty stomach isn't their problem and what the government is doing? Where they are spending all the tax money collected and the bond papers issued?

[AprilioMP]

Permit me to say this. The most dangerous threat to the world economy isn't war, not poverty, not corruption. It's the billionaires.

The rich and the poor are two things that can never be eliminated. That’s just how the world works. No one wants to be poor because poverty is so closely linked to crime.
What I’m trying to say is that billionaires know how to do things that lead them to become wealthy. They understand how the world works. The system would function perfectly if all inequality didn’t exist. I’d even go so far as to say that all of it is something that’s been created.

[Italian Panic]

The rich and the poor are two things that can never be eliminated. That’s just how the world works. No one wants to be poor because poverty is so closely linked to crime.
What I’m trying to say is that billionaires know how to do things that lead them to become wealthy. They understand how the world works. The system would function perfectly if all inequality didn’t exist. I’d even go so far as to say that all of it is something that’s been created.

In fact, it is impossible to eradicate poverty from the world, what we can and must strive for is to reduce social inequality as much as possible, and thus narrow the gap between the too much poor and the too much rich. If the amount of money (M2) in circulation always ends up in the same pockets, it means that some people are getting far too rich whilst others are left behind. Given that having 100 billion dollars or 90 billion makes little difference, reducing inequality lifts far more people into the middle class and, as inequality decreases, so too does crime.

[bakasabo]

OP says world dont need billionaires, he describes only inequality and advantages billionaire have over regular or poor people. If billionaires are the problem, then what will be the solution? OP makes a statement that there is a problem, but doesnt provide solution to it.

Lets make billionaires turn into regular people. That I think OP wants to suggest. But that will mean that thousands people get fired. From OP own example, what is better, let "Poor Chinese boy" make Nike shoes and earn $2, or it would be better to fire this boy and let him be unemployed. Or the solution would be move factory from where "Poor Chinese boy" is into other place, spend money to build it, hire new employees and pay them $100/h. Would OP then buy Nike shoes if they cost not $100, but $1100 because that would be only production cost with no profit?

Is it bad for person to want to have more money? Is it bad for person to have skills or opportunity to organize business or something that turns profitable and bring that person more and more money?

[AprilioMP]

The rich and the poor are two things that can never be eliminated. That’s just how the world works. No one wants to be poor because poverty is so closely linked to crime.
What I’m trying to say is that billionaires know how to do things that lead them to become wealthy. They understand how the world works. The system would function perfectly if all inequality didn’t exist. I’d even go so far as to say that all of it is something that’s been created.

In fact, it is impossible to eradicate poverty from the world, what we can and must strive for is to reduce social inequality as much as possible, and thus narrow the gap between the too much poor and the too much rich. If the amount of money (M2) in circulation always ends up in the same pockets, it means that some people are getting far too rich whilst others are left behind. Given that having 100 billion dollars or 90 billion makes little difference, reducing inequality lifts far more people into the middle class and, as inequality decreases, so too does crime.

If the context is as intended, then the answer is personality. Look at the truly wealthy; they don't show anything like the real rich. This can be seen in most famous professional footballers. It's true that money doesn't change people, but it reveals their character. Poor people appear poor because they lack wealth. That doesn't necessarily mean that a change in their fortunes won't change them. In fact, they might appear in ways we never imagined.

[Obim34]

The world does not have a poverty problem, the world has a greed problem, we don't need more billionaires, we need fewer, some has 2 hundred billion while some is drinking dirty water.

And among all the politicians you mentioned, none of whom has governed a country, to say they stole and mismanaged the resources and caused poverty, where are the governments controlling their country's resources? 

Is poverty caused by the millionaires? How do you mark them bad for not solving a problem they didn't create?

[Queentoshi]

Imagine we take just half or billionaires wealth and put it into free schools, hospitals, factories and farms. Poverty will end in five years. But we worship them. We clap for them on Forbes list while we suffer.

Poverty cannot be eradicated, even if you take from the wealth of billionaires, they will be billionaires again because they have the blueprint to becoming wealthy and the poor people who are even still beneficiaries of their wealth will get poor again. Everyone cannot be on the same financial level; it is the way the world's economy is. Many billionaires are helping in the best way they can around them, but their actions can never be enough.

[lombok]

Imagine we take just half or billionaires wealth and put it into free schools, hospitals, factories and farms. Poverty will end in five years. But we worship them. We clap for them on Forbes list while we suffer.

Poverty cannot be eradicated, even if you take from the wealth of billionaires, they will be billionaires again because they have the blueprint to becoming wealthy and the poor people who are even still beneficiaries of their wealth will get poor again. Everyone cannot be on the same financial level; it is the way the world's economy is. Many billionaires are helping in the best way they can around them, but their actions can never be enough.

The inequalities in the economy stem from disparity in terms of mindset, skills, and management of productive resources. Distribution of wealth equally will not solve the issue at hand since it will revert to where the economy was before unless the individual’s capability is improved. The big capitalists have a way of adding value, forming opportunities, and allocating their resources effectively. On the other hand, giving out money directly will not solve anything in the long run since it does not alter the behavior of the recipient. In fact, reducing the rate of poverty becomes much easier when the focus is placed on education and skills development.

[Sally9256]

Imagine we take just half or billionaires wealth and put it into free schools, hospitals, factories and farms. Poverty will end in five years. But we worship them. We clap for them on Forbes list while we suffer.

Poverty cannot be eradicated, even if you take from the wealth of billionaires, they will be billionaires again because they have the blueprint to becoming wealthy and the poor people who are even still beneficiaries of their wealth will get poor again. Everyone cannot be on the same financial level; it is the way the world's economy is. Many billionaires are helping in the best way they can around them, but their actions can never be enough.

It's true I don't really see any reason to blame people just because they are rich, they might not have done anything wrong to harm the economy of the country and they are not the cause of poverty of a country. Some wealthy people's business might have an effect on the society but we shouldn't be blaming them fully when the government should be the one taking the blame because they are responsible for managing the country's resources. They are put in charge for a reason so when things are not going well they should be the ones taking the blame.

[Yeesha]

The world does not have a poverty problem, the world has a greed problem, we don't need more billionaires, we need fewer, some has 2 hundred billion while some is drinking dirty water.

It isn't the billionaires fault that you're poor or the rest of the world is poor. They're doing their best in helping the best way they can  because they're the ones creating the jobs that's paying you so why don't you want them around when they're contributing more to the economy then you that can barely provide a decent meal for yourself. We need more billionaires instead of heaving fewer and centralizing the money among themselves, if we can get more people into that billionaire cycle then we might've somehow gotten the charity minded ones in and they'll keep helping the poorer ones. What you should be wishing for is that humans still have humanity in them that when they get rich, they'll be willing to contribute back to the community and help create a conducive environment for everyone to coexist.

Sincerely speaking, we need more billionaires, who knows whether we might be among the upcoming billionaires. Some billionaires are actually doing their best, let's take dangote for example. He built many companies just to create job opportunities for the youths. It takes a sense of humanity to build a successful and peaceful world. It doesn't matter the number of billionaires or the number of poor, what we require is humanity, mutual respect, unity, compassion, understanding, and most importantly, willingness to care for one another and grow together.

What the OP failed to remember is that, just like those billionaires some poor are actually very wicked and heartless. And if they are in that position, they will be more heartless and wicked than you could ever imagine.

[Bigjoe33]

Permit me to say this. The most dangerous threat to the world economy isn't war, not poverty, not corruption. It's the billionaires. The world had enough money, but ten men hold it. Listen to this, the ten richest men in the world, have more money than 3 billion people combined. Elon musk, Bezos, Dangote, Zuckerberg, they all can end world hunger with 6% of their wealth, but they won't. Because they won't gain from it. They are only interested in profitable things like buying twitter now called X buying yachts, go to space to have fun, while children in India, Africa and even America sleep hungry. That is not economy, that is wickedness.

Wait till you become one, and see if you would deal differently.

Nobody is telling you not to make money and become a billionaire like them. Nobody is stopping you.
You think it's easy to make money and stay at the top?, or would you rather become rich and not build to remain rich? Which would you do?

If you ask me, you are just been paranoid for nothing. We need more billionaires. Infact, everyone should become stinkingly rich.
Even though there are some sense in the later part of your post, but you are speaking about there riches in a wrong way for me. The worked hard to be there, you can go and build your own wealth and save the world from poverty, lol

[aoluain]

Well what the op describes is factual in terms of the wealth divide and the injustice in the world
but questions lead to more questions.

How do "we" go about dividing wealth?

Who is the "we" that could be tasked with such a mammoth task?

Do you not think that when that wealth is divided it will eventually flow into the hands of the most
smartest, most aggressive, most financially literate people in the end anyway?

Once money is involved there has to be buyers and sellers until there is again inequality so those
in power have to create taxes to provide for the needy, and round and round it goes.


I heard a story at the weekend of a local farmer to me who had 80 acres of land. He was approached
by a very successful businessman and developer "John Doe" who wanted to buy 20 acres from him.

The farmer on a number of occasions refused to sell his land to John Doe. Finally after many attempts
John Doe asked the farmer why he would not sell the land at any cost?

The farmer said 'I have enough, I dont need more land or money, but you John Doe will never have enough"

[Juicyhome]

Op you're stressing over people's struggle, they struggle to the top through innovation and science,  they should not be a threat but a motivation for us to do more,  rhe sky is too big for everyone to grow,  op you're feeling threatened already,  from people tou should be copy from, I don't fear them, I admire them for staying consistent in their craft till they made it. Billionaires doesn't steal from you, they only sell their products and services to us at their rates. The main problem is the government that favour few rich people instead of creating environment where everyone can be rich. Those that are able to break through this government hard policy to the top should be an example to us and not an enemy.

[Abiky]

Maybe you should blame it on systems such as capitalism that enable them in the first place. I mean most of the top billionaires we know are from the west, the epitome of capitalism right?

Unless the current monetary system becomes obsolete... Nothing is going to change. The game is rigged

The current monetary system will never become obsolete. Governments prefer it to keep it this way, just so they can have control over our society. The more people living in poverty, the more control governments will be able to have. You're right that the game is rigged. Bitcoin is the only kind of digital money that can fix this. The only problem is that governments will not willingly surrender Fiat in favor of BTC. Why? Because that would mean losing control of the economy.

We, the people, have the power to enact change. Unfortunately, the vast majority of people are conformists. They prefer Fiat out of pure convenience. I'm afraid billionaires will continue to be billionaires, while the rest of us will "have fun staying poor". Even in communist countries such as China and Russia, there are oligarchs (wealthy people). Money goes above all else. If you have money, you will have power. That's the way this works. It's too late for change, imo.

[Churchillvv]

They saw a problem and found a solution and made money from it.

Do you also know that problems are created by same people and they still give a solution to it? More like create a problem where none exist and give them a solution.

Perhaps I am beginning to understand the point or the orientation in which op is bringing up his argument or blames on the class system. Of course anyone who understands will agree with him to an extent but knowing that there is not benefit in arguing this they just let it be because some who are affected are those who will still fight against the ideas that condemn the system they suffer from.

[MainIbem]

Forgive me, but I think your thinking is naive. The laws are designed so that if someone gets rich, no one can simply force them to do charity work. It's the inviolability of other people's property. Even if a rich person can buy Australia, no one can dictate what kind of good deeds they should do for the world. That's life.
I hate children's tears, and I think the world should put an end to them. But the poor themselves must show that they are doing something, and not just lie on the ground and say they are hungry. The world is a harsh place, and natural selection has not been abolished.

He reacted out of emotions without thinking cause if he had thought about the things he said i doubt he would've posted it here, maybe he thought people would feel pity and take his side but it takes a dumb person to support him statement, imagine me calling out Elon on X for not ending poverty with the money he made from scratch without my help, that's silly. You'll be shocked that even if Elon give some poor people a fair amount to start up something and change their poor state, some would squander it on unnecessary stuffs and end up being poor again.

[Fivestar4everMVP]

The world does not have a poverty problem, the world has a greed problem, we don't need more billionaires, we need fewer, some has 2 hundred billion while some is drinking dirty water.

OP, I understand your concerns and i think they are legitimate, but unfortunately, you are pointing fingers at the wrong direction and the wrong set of people, something you maybe didn't consider or maybe you didn't even think about is that this billionaires have no more then one head like you and i, and that you and i have same freedom/chance of becoming billionaires as well if we can pay the price those who are at that financial level paid to be there or to get there, the world doesn't appoint billionaires, or choose people that become it, everyone who is a billionaire today worked his or her way to becoming it, and you too can work your way into this same financial category.
It is not the fault of the billionaires that some people are suffering, it is not their fault that some people are hungry, this is something you have to come to terms with.
You are probably saying all this because you aren't in this financial category yet, do not worry, you will one day get there, tell us what you will do differently if or when you become a billionaire?