On 11/9/2019 1:23 PM, Frank wrote:

I read the question as "do we really need billionaires?"Â* The answer to
me is yes.Â* They have enough wealth to generated more wealth.Â* It is
often said that you do not create wealth by distributing it.Â* In the
extreme if we all had an equal share of the nations wealth there would
be no large investments in generating more wealth and we would stagnate.

Well said. If we put in a wealth tax, where will it stop? It is like a
reverse pyramid scheme starting by confiscating a percentage of many
billions. When the well runs dry we increase the percentage and drop
the amount of wealth qualified to confiscate. When that runs dry, we
drop the levels again. The lion needs to be fed.

So the minimum wage works it way up to $28/hour but after redistribution
the top wage in the county will effectively be about $30.

I do think employers have a moral and ethical obligation to pay a fair
wage to the people that make then a success. Education and skills should
be rewarded.