With the rise of poverty, we can definitey see what Marx preditected when he wrote about pauperization -- richer are getting richer while poorer are getting poorer; the gap between them is growing days and days. Currently, we live in a world where simulatenously, there are people who live with $2/month and others who make $100,000/sec (real fact about Jeff Bezos's wealth - he could earn an average woman/man’s lifetime salary In 5.6 sec). In that sense, being a billionaire is immoral as this disparity is absurd . Therefore, I strongly believe, as Rep. Alexandria Ocasio-Cortez, that being a billionaire should be forbidden. While it is their right to own and benefit from succesful businesses, they should donate or publicly reinvest their earning after a certain amount.
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Being a billionaire is not inherently immoral. A system in which becoming a billionaire is even possible when millions live paycheck to paycheck is an immoral system.
Asking billionaires to redistribute their wealth through philanthropy is obviously not a sustainable solution, nor is it even that effective in the short term...(see here https://news.stanford.edu/2018/12/03/the-problems-with-philanthropy/).
The only way to address wealth inequality is through public policy. Bold systemic solutions to systemic problems. Taxing the uber-wealthy their fare share is not enough (though it would be a start), we need to then invest in addressing the root causes of these inequalities. Invest in better schools, affordable healthcare, criminal justice reforms, etc.
We need invest in solutions that render a billionaire’s philanthropy unnecessary. If that means less billionaires, too bad.