Why Taxing Billionaires is Necessary for a Fairer Society
Why Taxing Billionaires is Necessary for a Fairer Society We live in a world where the richest 1% control more wealth than the bottom 50% of the global population. This staggering inequality isn't just a statistic—it’s a systemic problem that threatens economic stability, social cohesion, and the opportunities available to billions of people. Let me explain this with a simple example. If you became immortal and decided to save $10,000 every single day, never spending a cent, it would take you 82,024 years to save $299 billion. And yet, you would still not have as much wealth as Elon Musk currently holds. Yes, $10,000 saved every single day for over 82,000 years wouldn’t get you there. Now, let’s be clear—this isn’t about Elon Musk alone. Musk, like many other billionaires, has achieved incredible things. He’s revolutionized industries and pushed innovation forward. But his wealth, and that of others like him, reflects a systemic issue, not just personal success. How Billionaires ...