In a recent interview with The News Agents, US Senator Bernie Sanders revealed why he believes no one should be a billionaire.
"Controlling the Wealth"
Sanders Bernie argues in his book that it is both economically and morally wrong for so few individuals to control the wealth of the rest of the population. He concludes that there should be no billionaires at all.
What About People Who Worked Hard for Their Wealth?
During the interview, Sanders was asked about billionaires who pay their taxes and have earned their wealth through success, and what's wrong with them holding onto their money.
A Fair Tax Structure
“Well, if you had a tax structure that was fair, they would not be billionaires,” he answered.
Capping the Wealth of Billionaires
According to the US Senator, it's acceptable to become wealthy by working hard, earning money, and running a successful business. However, he argues that having billionaires in society is wrong, and there should be a cap on their wealth.
Insane and Absurd
While the exact level of the cap is subject to debate, Sanders finds it "insane" and "absurd" that there are people with hundreds of billions or even tens of billions of dollars, suggesting that the system simply can't sustain such wealth.
He then Stated the Situation in The US
Sanders highlights that in the United States, there are half a million homeless people and 85 million individuals who cannot afford health insurance.
He suggests that concentrating wealth in the hands of so few individuals is both "economically and morally wrong"
Bernie Sanders clarifies that he does not oppose making money, but he questions whether it is fair for just three individuals to possess such wealth. He also believes that having such an enormous wealth gap in America is not "appropriate."
A Question for Top Businesspeople
He then posed a question to successful businessmen who make a few hundred million dollars whether they think that amount could provide adequate housing and food for their family.
Sanders believes that it is possible for someone in that position to provide for their family without accumulating immense wealth.
Against The Destruction of the Environment
However, he disagrees with the culture that allows people to do whatever they want – even if it means stepping on anyone or destroying the environment – to amass tens of billions of dollars.
Viewers had a lot to say about the interview
Many have taken to the comments section to highlight the massive amount of a billion dollars, with one person stating, “Just for context: a million seconds is 12 days. A billion seconds is 31 years.”
Another added, “I don’t think people understand how much a billion is.”
"The system cannot afford them"
In response to an interview question posed to Bernie Sanders about where to draw the line, one individual wrote, “He has told you the line - a billion,” while another person simplified it, “The line is 999 million. Simple as that.”
A further commenter dropped a hint about a statement that’s worth thinking deeply about, suggesting, “‘The system cannot afford them’ The facts & answers are in that statement.”
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Sylvia Silverstone is a passionate writer who loves to share her knowledge and expertise on a wide range of topics, including beauty, life hacks, entertainment, health, news, and money. With a keen eye for detail and a talent for storytelling, Sylvia's engaging writing style keeps readers coming back for more.