In the western democratic world billionaires are an inevitable side-effect of having a high standard of living for the general population. If you create a company that employs a million people and manages to remain profitable you'll be a billionaire even if you don't want to. The only way for you to not be a billionaire is to give up control of your company to someone else who will then be the billionaire.
We have yet to discover a system of government that both allows for a generally high standard of living yet at the same time prevents billionaires. Every variant that has been tried so far has inevitably led to total misery for the entire population.
I think the solution is not to prevent billionaires, but to prevent their ability to affect politicians, being very strict about anti-trust and so on.
By no means easy but I think preventing billionaires from even existing is a dystopian nightmare in any scenario.
We have yet to discover a system of government that both allows for a generally high standard of living yet at the same time prevents billionaires. Every variant that has been tried so far has inevitably led to total misery for the entire population.
I think the solution is not to prevent billionaires, but to prevent their ability to affect politicians, being very strict about anti-trust and so on.
By no means easy but I think preventing billionaires from even existing is a dystopian nightmare in any scenario.