And they employ a massive number of people, and make it possible for those people to support their homes and families.
If the government took these billionaires money, it would result in the largest destruction of capital the world has ever seen, and set back humanity decades if not centuries.
Government would spend it in mere months, and then it would be gone.
The billionaires, their businesses, and their employees would cease paying income or business taxes.
Suppliers would go out of business. All the people they employed would be out of work.
Places where all these people bought food and supplies, bought home improvement merchandise, and other things, would go out of business.
The ripple effect would be staggering.
All so a few Leftists could game this situation, for political gain.
“The ripple effect would be staggering”
There’s an understatement!
Even if that didn’t happen to the economy, if they took and redistributed all the wealth equally. most of the poor would be broke again within a year and most of the movers and shakers would be right back on top. Takes a lot more than a pile of ‘free’ cash to make a man successful.