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Billionaires and the Contemporary Gilded Age

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  It is becoming clear to me that billionaires should not exist.  Maybe I could abide a person with one billion dollars, but a multi-billionaire should not be a thing.  Populist lore says that they deserve it for being smarter than other people or harder working (at least those who didn't inherit their wealth).  I never fully subscribed to that belief, though I did not used to begrudge billionaires their billions.  That is changing.  This blog post is my attempt to organize my thoughts and pinpoint the reasons for this change in thinking.     To begin, I want to state that I don't believe billionaires are problematic just because they have a billion (or several hundred billion) dollar net worth.  Some billionaires do lots of good in the world with their money.  Some are corrupted by their money and do lots of evil in the world.  Most find themselves somewhere in between those two extremes.  On the whole, however, having so...

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