Let's say an (extremely) successful businessman wants to create a new business that requires a 250m investment to launch. Wouldn't this prevent that individual from starting the business?
If they can't secure loans for it, I suppose it would. Do I think the loss of the ability of extremely successful businessperson to independently launch a business that needs $250m up-front is a huge loss to society? No.
So in this case we would be eliminating the power of the individual to undertake large, risky undertakings that would provide a net benefit to society.
Now you'd have to cobble together a group of investors, but if you can't find people who don't understand your vision, you're out of luck.
Or you could go to a bank, so now the banks have more power, but they probably won't invest in your risky idea anyway.
Okay so I guess, now it's up to the government to undertake this large risky project? Great.
I don't know, I like the fact that motivated individuals can take a large amount of their own capital and take on large projects.
That one or two motivated billionaires start interesting businesses every once in a while is justification for an economic system hundreds of thousands die because of the resulting poverty?
2016 Study: A study published in the Journal of the American Medical Association (JAMA) estimated that approximately 133,000 deaths in the US annually are attributable to poverty.
2019 Study: A report by the National Academies of Sciences, Engineering, and Medicine suggested that around 300,000 deaths could be linked to social factors like poverty and lack of access to healthcare.
2020 Report: The Kaiser Family Foundation estimated that roughly 136,000 deaths in 2018 were associated with poverty-related factors like lack of access to healthcare and healthy food.
Your "please think of the rich guys" argument holds no sway with me.