Perhaps you’re considering a very select subset of the rich for whom you can argue their wealth was entirely earned through value they delivered to society.
Your statement, as written, ignores that much wealth, power, privilege is inherited from ill-gotten gains like savage conquest, slavery, oppression, corruption, etc. and most great wealth is held by people who had extreme advantages from those endowments being born into those circumstances.
In most cases, it’s very hard to argue that society “owes them” anything.
I would say that debt would be much more appropriate for people like Nikola Tesla who wanted his inventions shared with the world at no cost, or the inventors of insulin who sold the patent for $1 to benefit the common good. Not for the telecom and pharma CEOs who become billionaires by extracting the maximum value from exploiting others’ ingenuity!
Your statement, as written, ignores that much wealth, power, privilege is inherited from ill-gotten gains like savage conquest, slavery, oppression, corruption, etc. and most great wealth is held by people who had extreme advantages from those endowments being born into those circumstances.
In most cases, it’s very hard to argue that society “owes them” anything.
I would say that debt would be much more appropriate for people like Nikola Tesla who wanted his inventions shared with the world at no cost, or the inventors of insulin who sold the patent for $1 to benefit the common good. Not for the telecom and pharma CEOs who become billionaires by extracting the maximum value from exploiting others’ ingenuity!