[previnder]

Almost all of these billionaires' net worth is in stocks; that is, in their (part) ownership of companies. Redistributing their wealth is the same as taking ownership of their companies away from them. In that direction lies the Soviet Union.

[behaveEc0n00]

So we could let them keep their stocks and not trade them for dollars; they own 100% of their company and the public is no longer obliged to acknowledge outsiders have ephemeral value beyond their direct contribution to society.

Demanding we believe in ephemeral property is spoken tradition not an immutable truth of reality. I am not saying we have to redistribute their wealth; I’m saying we stop idolizing wealth. Especially when tax policy and direct cash infusions from government is keeping these guys afloat. It’s not free market trade. Look at their tune change as soon as free money is shut off with interest rate changes; it’s not them it’s political policy. They’re not actually rich.