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
I left my economics university when I was doing exercises in my workbook and saw a text that essentially read “unions cripple the economy and therefore must be eradicated”. There were some good lectures on macro and micro economics, but were so insanely capitalistic that I couldn’t stand it anymore.