Billionaires are a prisoners of their own “success.” Someone once said that if you have to give back to society, then you took too much from it.
The lowest paid, full-time Amazon worker makes $31,200 a year. It would take them just 4.15 million years to earn as much as their boss. Really.
Did you know that billionaires saw their fortunes rise by 27% during the pandemic while the rest of us struggled to keep our jobs?
Did you know that since 2016, corporate and trade association PACs have given $170 million to lawmakers who voted to challenge the US presidential election?
What will it take for the wealthy to care about the common good? What would society be like if our politicians weren’t owned by the rich and powerful, but actually worked for the people?
In Do Billionaires Destroy Democracy and Capitalism? Phil Kotler and I look at the problem in some depth.
The question that remains is: should billionaires exist at all?