You've failed to properly steel man the argument for no billionaires. The better argument is thus: those "much-loved products" are not created solely by entrepreneurs, but instead co-created by entrepreneurs & society. Bezos would likely be broke if he was born in Somalia.
Who has a billion dollars? Your net worth is what someone is willing to pay for what you have, whether you've sold it or not. If a famous painter paints a new portrait, the value he's created wasn't taken from anyone. Nor if an entrepreneur creates a much-loved product.https://twitter.com/peterdaou/status/1206656298625966081 …
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It seems like you're trying to equate "billionaires are fine" with "nobody should have to pay tax," which is a perennial leap that still makes absolutely no sense.
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The painter might spend 10 hours painting, and his assistant may spend 10 hours stretching the canvas, ordering the pigments, arranging viewings, negotiating with auction houses, etc. Would it be fair for the latter to receive "a sliver of the value"?
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If you do understand what I'm saying, "high concentrations" is pretty misleading — we're talking about a successful business, not a pile of money. To cap "wealth concentration" is to prevent a business owner from keeping his stake if he's sufficiently successful.
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"No one should be able to create things other people value at a billion dollars" doesn't have quite the same ring to it, though.
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That is not the case at all. Billionaires are made from exploitation.
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Who did JK Rowling exploit?
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And what would property rights mean if someone can legally confiscate your money, just because you have 'too much' of the stuff?
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