How can we talk about billionaires as if they're a common class of people, ignoring how those individuals made their money? The wealthiest 20 people in the world right now includes those associated with found in amazon, google, microsof wall mark, facebook, zara and nike. In britain, it's dyson eneos home bargains. And given this wealth is in productive business assets, what would taxing it or takin it away do? Force them to sell their companies? Encourage them to give wealth away to political interest groups with actual power? Incentivise blowing it on consumption like space races that people apparently like. And for what benefit when we
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.
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