Economic Update with Richard D. Wolff cover image

Is the US Facing Another Civil War?

Economic Update with Richard D. Wolff

00:00

The Morality of a Billionaire

Morally wrong to put a limit on how much wealth you can accumulate. Morality dictated that we have a minimum wage in the united states. The same morality would apply to having a maximum one, mightn't it? Wealth placed in one person's hand means that it's denied to another person. We cannot all enjoy the public park if it's given to a private person. So the morality of criticising a billionaire as a concept is perfect moral and consistent with our tax system. Indeed, we have a peculiarity of billionaires wheezling out of the taxes.

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