The Abolition of the Billionaire

Since the dawn of civilization income inequality has been toxic to otherwise well-functioning societies. It has been the central theme to countless revolutions and recent studies have shown that there is a direction correlation between rising inequality and the anger and divisiveness that is so analogous to the politics we see today. 

It is inarguable that we are living in a time of near unprecedented and very dangerous income inequality. While we know the hazardous history of this disorder, we are unable to take the appropriate actions to rectify it. Most of the people at the top of the wealth ladder are blinded by their power and spoils. While their cohorts who are conscious enough to acknowledge the problem, and advocate for change, are labeled as hypocrites.

Meanwhile those in the middle and working class who acknowledge and vocalize this danger are labeled as having the inherent personality flaw of ‘wealth envy’. This accusation, used by the followers of the powerful, is meant to dismiss any and all critiques of the edifices and structures that have created great disparity without ever having to address the validity of those critiques. Once someone guilty of having ‘wealth envy’ there is no need in ever having to deal directly with their arguments as those arguments stem from a warped personality flaw.

The critique of wealth disparity in the United States does not arise out of jealously over someone else's material possessions. In fact, you could not have a well-functioning society if the hardest working and most talented individuals are not materially rewarded. Jeff Bezos, the Amazon billionaire, should have the house by the ocean, the luxury cars and all the other spoils that go with his great innovations. What is objectionable, is that certain members of society become so wealthy that they are able to dominate that society. That they become so wealthy that they become the masters of mankind. That they are undeserving of this role. That they have direct lines with legislators, judges, senators and presidents. That they write the rules of our society.  That they get whatever legislation they want passed. That they get whatever legislation they want repealed. That they are fundamentally unqualified for this role and that they, due to their extreme wealth, have been isolated from the common man who they rule over and cannot relate to.

Mark Zuckerberg, the Facebook billionaire who is now worth $77 billion, didn’t invent social media. He took the forerunners of social media platforms like MySpace and Friendster, gave them a face lift and renamed it Facebook. Mark Zuckerberg should be entitled to all the spoils of wealth, but he should in no way have more say in how our society is structured than you, the average voter, but he does. He has way more influence. He has more influence over our society than the people we have elected to govern us. The legislators have only one vote, but Zuckerberg can buy nearly all of their votes.

Our wealth distribution is toxic. Our campaign finance system is corrupt. Our society is in danger and it is becoming more dangerous every day. At the end of 2016, the 6 richest Americans had more wealth than the bottom 50%. At the end of 2017, the 3 richest Americans had more wealth than the bottom 50%. With the passing of the horrible Tax Cut and Jobs Act of 2017, this trend is only going to accelerate. You cannot have a democracy with great wealth in the hands of the few.

Billionaires are toxic to society. They can have all of their extravagant material belongings, but they cannot have our society.

Let’s abolish society dominating wealth and restore democracy.  

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