this post was submitted on 26 Mar 2026
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Millionaires aren't really the problem, billionaires are.
Billionaires also aren't the problem. They are the symptom.
The problem is the system of economics and politics, by extension the various institutions they manifest, that allows individuals to become billionaires through the exploitation of other people's labor via private ownership over the means of production that should rightfully belong to the people through collective ownership.
I feel this is not stressed enough.
The guy owning the local car dealership that has a nice yacht and a holiday appartment in Mallorca is not actually even remotly the same kind of problem like jeff bezos or elon musk.
Sure, noone needs a yacht, but the irder of magnitude is not even remotely comparable.
Owning-class is owning-class. Regardless of the magnitude, they are still exploitative and that is the point.
Individuals aren't the problem, the system that allows individuals to have exploitative and unjust power over others is.
Am million dollars isn't yacht money, though. It would take several millions to actually get close.
1 million isn't even enough for a comfortable retirement these days.
A "millionaire" doesn't mean much compared to three decades ago.
Seriously. The difference between someone with 2 million dollars and 800 million dollars is about 800 million dollars
Yep. A million dollars is much closer to 0 dollars than it is to a billion dollars. An even bigger problem is the ultra billionaires.
Aside from that simplistic argument, billionaires are much much more parasitic to society than millionaires are.