Should billionaires exist?

With the news that Elon Musk has purchased Twitter to do with as he wishes, a storm of outrage ensued amongst a fragment of the populace. Some see him and his plans for free speech as no less than an attack on democracy. Rather ironic given that for a long-time we’ve believed that ‘free speech’ was in fact a cornerstone of democracy.

For many, a billionaire represents power — since a lot of money tends to buy power and concentrate that power in the hands of the few.

Those who are not squarely on the side of the billionaires tend to see them as unethical. They do not believe that it possible to gain so much resources through fair play and don’t agree that anyone should be able to amass so much. And, in about one third of cases, that wealth is inherited. But if we put a cap on billionaires, where do we draw the wealth line next? And will it cripple the ability of companies to grow?

Are billionaires really these shadowy figures that harm society? It depends on the billionaire.

Some exploit …