We desperately need to get rid of billionaires and follow that up with millionaires

We desperately need to teach leftists academic economics. Yall have your heart in the right place but none of you have the slightest clue what the fallout of your policy suggestions are.

“Getting rid” of millionaires is ludicrous. There are people who are millionaires because a stock does well for a bit. There are people who had a million for a few days because they held Dogecoin when Elon manipulated that price. Millionaire is a much lower bar than you think.

You are framing this in a capitalist world. Getting rid of billionaires would also get rid of the stock market, they hold about 90% of stocks. The stock market is them buying a portion of working class wages and calling them dividends. If everyone’s material needs are met the accumulation of wealth isnt a driving force for ‘success’