Who do you think would use those billions to enrich our lives more through reinvestment or philanthropy? Business people like jeff bezes or bill gates, or politicians like boris johnson and donald trump? I contend that most millionaires do make their money through this sort of honest value creation. And that actually letting markets, not governments, allocate wealth has coincided with the huge enrichment of society in the past two centuries. So yes, let's discuss.
Reportedly the planet's richest person, multibillionaire Elon Musk is currently seeking to buy the World's online public square, Twitter. Should billionaires be able to buy so much influence? For this week's Sunday Debate we revisit a discussion from 2021 investigating just that, when we invited Professor Linsey McGoey of Essex University and Ryan Bourne of the Cato Institute go head to head on whether society should tolerate the existence of billionaires. The debate was chaired by Economics Editor at BBC Newsnight, Ben Chu.
Learn more about your ad choices. Visit podcastchoices.com/adchoices