Billionaires should not exist. Under capitalism, this should be enforced by a maximum wage, and very high minimum wages. But capitalism should be replaced completely with Socialism.
@9J647GT4mos4MO
if everyone is making the same money there is no incentive to find that next new thing or offer the best in service. you would have a batch of lazy people just waiting on their check to get a new box of fudge rounds.
@9J5VD874mos4MO
Communism hasn’t really worked before. A world without billionaires would be a world with a lower wealth-ceiling, but it may also lower the amount of determination throughout the overall economy. The economy is inherently a competition, the American economy, so taking the competition away and giving everyone a medal would be a massive adjustment for the majority of Americans. Communism is a nice idea on paper, but the real-world and human factors of our nation make it not so appealing or realistic.
@9J5VB8PWomen’s Equality4mos4MO
I think it would affect innovation and technological advancements in so many different ways.
@9J5VTWP4mos4MO
If there were no billionaires in the world then I feel we wouldn't be as advance as we are, because very smart individuals who have money made some of the inventions we use today.
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