Billionaires

By Michael F. Duggan

I understand the idea of millionaires and how they may be useful to an economy. I even get multimillionaires.

I don’t get billionaires and why they are allowed. Billionaires may do good and useful things, but they are never benign or neutral. A nation cannot and should not come to rely on their benevolence and humane impulses. They are not citizens; they are forces in the economy and therefore in policy.