Is it wrong to have billionaires?

Over the past year or so there has been a lot of conversation around wealth, that those with more should have less.

This isn’t applying to the people earning £200k or even a multi-millionaire but instead to those in the top percentile, those that have amassed more wealth than they could ever imagine.

People say it’s wrong to have billionaires because no person can ever spend that amount of money, people are starving or suffering and they’ve had to exploit other people to gain their wealth.

And so if it is wrong to have billionaires how do you police it and what is the limit?

Do you raise taxes for the wealthy to the point where billionaire status would be impossible?

Do you somehow limit a persons earnings to £999,999,999 or would you make it cap it at much less?

More importantly who would be in charge of it?

Whether having billionaires is or isn’t wrong, I don’t have an answer (and maybe there isn’t one). However, I do think it is a topic worth discussing.

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