re: CNN: The US would be better off with fewer billionaires

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For instance, multimillionaires and billionaires support an entire "wealth defense industry" of professionals — tax lawyers, accountants, wealth managers — that help hide their fortunes in offshore tax havens and dynasty trusts.

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They only hire a "wealth defense industry" when the cost of said "wealth defense industry" is less than the savings provided.

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While billionaire fortunes balloon, about a fifth of Americans have zero or negative net worth. And nearly two-fifths of us don't have the cash on hand to cover a $400 emergency, according to the Federal Reserve.

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There's zero connection here. The fact there are billionaires does NOT restrict anyone else from acquiring $400. On the contrary, a Billionaire is more likely to throw $400 down for a moments entertainment...or to encourage a pest, like the authors, to go away.

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Part of the reason is that many billionaires invest their fortunes in a way that only expands their own wealth and power

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Outright lie. Billionaires spend a lot of money on food, clothing, shelter, entertainment...all kinds of things. Gates and Bezos kinda compete for the most AI automated home.