Billionaires hurt economic growth and should be taxed out of existence, says bestselling French economist

“Entrepreneurs will have millions or tens of millions,” he said. “But beyond that, those who have hundreds of millions or billions will have to share with shareholders, who could be employees. So no, there won’t be billionaires anymore. How can we justify that their existence is necessary for the common good? Contrary to what is often said, their enrichment was obtained thanks to these collective goods, which are the public knowledge, the infrastructures, the laboratories of research.”

I’ve said it before, and I’ll say it again: billionaires are a stain on humanity. No one should have more money than they could ever spend in their lifetime while people are unhoused and go hungry.

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