When folks say that billionaires shouldn’t exist, it’s nothing personal. Some billionaires are nice enough. Some spend generously on philanthropy.

That all sounds great. But we don’t need more do-gooder billionaires that give to charity — we need fewer billionaires.

The problem isn’t really individuals making money. The problem is having an entire system that grows the wealth of billionaires at the expense of everything else we care about — including our democracy.

Read the full article at CNN.

Chuck Collins directs the Program on Inequality and the Common Good at the Institute for Policy Studies.

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