Billionaires are necessary because they take money out of circulation, providing some deflationary pressure to the monetary system. If we were to distribute all their wealth, we’d have such high inflation that the entire economy would collapse.
- A Reddit brained economics teacher
“Billionaires are hoarding money” is what I would expect to hear from a reddit radlib railing against wealth inequality, much less from an econ professor who uses this idea to suggest that billionaires are actually good.