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Bob Zannelli's avatar

I find it amazing at a time elections are literally being bought by billionaires we have an argument that billionaires are good for the poor. Tell that to the 20 millions Americans who lost health care so that the billionaires get yet more tax breaks.Elon Musk who the article cites an example of a billionaire savior of the Poor literally caused the deaths of hundreds of thousands of poor children in the third world with his unhinged attack on government programs

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The biggest scam is billionaire philanthropy where billionaires give away tax payer money strategically to boost the value of their own private holdings. Remember Bill Gates was going to give away all his money. How’s that working out? No one can contribute enough to society to earn a billion dollars. This isn’t an article about wealth inequality which no sensible person would argue against in any complex society, this is an article defending oligarchs which may or may not be intentional. The author sees opposition to the existence of billionaires as wealth resentment This is a right wing talking point and it’s BS. The opposition to billionaires is the opposition to oligarchs.

The author plays lip service to the danger of the influence of money but he offers no realty based policy that can protect against the power of such wealth. You can’t leave such power in the hands of the oligarchs and think you can somehow restrain their actions. You can try reasoning with a person with a gun but it’s likely to be a better outcome if he doesn’t have a gun. The author is also wrong about billionaire giving. The harm to society caused by the existence of billionaires is far greater than whatever questionable good they do with their philanthropy which is mostly tax payer money anyway.

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Maarten Boudry's avatar

You clearly didn't read the piece at all. Three examples:

- "elections are literally being bought by billionaires"

>> Then why didn't Hillary win in 2016, spending almost twice as much as Trump? Most billionaires supported either Hillary or other Republican candidates, to no avail.

- Elon Musk "literally caused the deaths of hundreds of thousands of poor children".

>>This is literally what I wrote myself in my piece: "the slashing of USAID funding under Musk’s short-lived DOGE has already resulted in about 300,000 deaths from HIV, malaria, tuberculosis, and malnutrition—mostly children"

- "the harm to society caused by the existence of billionaires is far greater than whatever questionable good they do with their philanthropy"

>> Yeah, because who cares that Gates is massively helping to eradicate polio, malaria and extreme poverty? Clearly his very existence as a wealthy person causes "far greater harm".

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Harrie van Puijenbroek's avatar

Musk being a billionaire has little to do with Doge. He was acting on behalf of the IUS government or the Trump administration if you will. He wasn't using his aquired wealth to cause harm to USAID.

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