In a time when ~60% of American workers make less than $40,000 a year, billionaires should not exist.
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Also, billionaires don’t have a billion dollars because they “work” thousands of times harder than the teacher or the single mom.
They are billionaires because the stock market makes that money for them, which relies on profiteering off insulin, low wages, scrapped jobs, etc.
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(& if not this way, acquiring a billion dollars can also happen via monopoly power, low wages, rent-seeking behavior, not paying fair share of taxes, etc)
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You ONLY become a billionaire by stealing that money from workers and customers. Excessive profit is theft, that's why we (used to) have laws against price gouging.
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Yeah. That's how JK Rowling became a billionaire. Forcing people to buy her stories.
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Or maybe even through honest means... Not sure why we want to demonize people for having money. Taxation is to improve quality of life, not to punish the wealthy for wealth.
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2/ The fire put 3,000 employees out of work. CEO Aaron Feuerstein decided to continue paying the salaries of all the now-unemployed workers while the factory was being rebuilt, going against common CEO business practices, especially at a time when companies were downsizing.
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