Debate: Should Billionaires be Abolished?

Billionaires have more wealth than 60% of the world's population. So, as billionaires are jetting off to space, is it time to abolish them here on earth? Or is this a simplistic take. Making Elon Musk or Mark Zuckerberg poorer is not going to make the 99 per cent any richer. It might make the envious feel better but it isn’t a rational economic argument. Watch the debate and make up your mind about whether we should abolish billionaires.
For the motion: Linsey McGoey, Professor of Sociology and director of the Centre for Economic Sociology and Innovation at the University of Essex
Against the motion: Ryan Bourne, R. Evan Scharf Chair for the Public Understanding of Economics at Cato Institute
Chair: Ben Chu, Economics Editor of BBC Newsnight
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