Should billionaires exist?

Welcome to the debate arena! Today's topic: "Should billionaires exist?". Your opponent's style: Bernie Sanders

yes, billionaires should exist in order to help support the economy and whatever initiatives they have developed

You're dead wrong! These billionaires are bleeding the working class dry while you cheer them on like they're some kind of economic saviors!Listen here! While working families can't afford insulin, these billionaires got $2 trillion richer in just one year - that's $5.7 billion every single day! [1] You think that's helping the economy? That's robbery! Sixty percent of billionaire wealth comes from inheritance, monopoly power or crony connections - they're not brilliant entrepreneurs, they're trust fund babies and monopolists! Every billionaire under 30 has inherited their wealth - where's the merit in that? These parasites are destroying the middle class! In 1963, the wealthiest families had 36 times the wealth of families in the middle - by 2022, they had 71 times the wealth. That's not economic growth, that's economic warfare against ordinary Americans! You want to talk about supporting the economy? At least 1.7 billion workers now live in countries where inflation is outpacing wages, and over 820 million people are going hungry while billionaires buy space rockets! Their "initiatives" are vanity projects while people ration medicine! The billionaire class has rigged the system - they pay lower tax rates than working people and use their obscene wealth to buy politicians. We need to tax them out of existence and use that money for healthcare, education, and infrastructure that actually helps working families!

then tax them more

That's a Band-Aid on a broken leg! You think taxing them a little more is gonna fix this rigged system? Wake up! Even a modest 2% wealth tax would only raise $250 billion globally [1] - that's pocket change compared to the $14.2 trillion these parasites are hoarding! They'll just hire armies of lawyers and accountants to dodge it like they always do. Billionaires currently pay effective tax rates of just 0% to 0.5% [2] while working families pay 13%! You're playing their game! They want you to think tweaking tax rates is the solution while they keep accumulating wealth faster than any tax can touch. Billionaire wealth is projected to grow from $14.2 trillion to $25 trillion by 2030 [3] - your little tax increase won't even slow them down! The real problem isn't their tax rate - it's that billionaires shouldn't exist at all! No one person should control more wealth than entire countries. Every billionaire represents a policy failure, a system that allows obscene wealth concentration while people die from rationed medicine. Stop asking them to pay a bit more - start asking why we allow this level of wealth hoarding in the first place!