If true, the “every billionaire is a policy failure” idea is woefully incomplete. $999M would still be a policy failure; $10B is a bigger failure than $1B. It’s a non-binary spectrum, then, where any amount of wealth creation is some degree of failure. Therein lies the problem.
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I think what they want to say is “wealth creation is good but excessive amounts of that wealth residing in a few hands means something is wrong with the system”. They may be wrong but I (maybe charitably) think that’s what they’re trying to say
I agree that’s what they’re trying to say. But I’ve never seen a logically-consistent definition of “excessive” or “few.”
