Opinion | Abolish Billionaires – By Farhad Manjoo – The New York Times

By Farhad Manjoo
Opinion Columnist

Feb. 6, 2019, 558
People protesting against the World Economic Forum in Davos in January.
Credit
Fabrice Coffrini/Agence France-Presse — Getty Images

“Last fall, Tom Scocca, editor of the essential blog Hmm Daily, wrote a tiny, searing post that has been rattling around my head ever since.

“Some ideas about how to make the world better require careful, nuanced thinking about how best to balance competing interests,” he began. “Others don’t: Billionaires are bad. We should presumptively get rid of billionaires. All of them.”

Mr. Scocca — a longtime writer at Gawker until that site was muffled by a billionaire — offered a straightforward argument for kneecapping the wealthiest among us. A billion dollars is wildly more than anyone needs, even accounting for life’s most excessive lavishes. It’s far more than anyone might reasonably claim to deserve, however much he believes he has contributed to society.

At some level of extreme wealth, money inevitably corrupts. On the left and the right, it buys political power, it silences dissent, it serves primarily to perpetuate ever-greater wealth, often unrelated to any reciprocal social good. For Mr. Scocca, that level is self-evidently somewhere around one billion dollars; beyond that, you’re irredeemable.”

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