I don't mean to sound obtuse. I've heard this claim many times and I can imagine it being true, but I have no way of knowing whether it is or not. So I wanted to see what the reasoning is.
The fact that there are millions of workers who are being exploited constantly in order to produce things or provide labor in ways for which they're not being fairly compensated? I mean the most obvious example of this is how minimum wage is well under the poverty line and there are folks out there still being paid it and expected to live off of it.
How do you know if someone is being fairly compensated? My stance is that a market is likely to produce more accurate prices than any individual could, but maybe you disagree. It's true that minimum wage is very low, but it should be the job of the government to support people who aren't compensated enough to support themselves.
Okay, we can talk all day about the "should"s but the fact stands that almost everything that has brought any individual to billionaire status in today's world was the result of exploitation.
I don't understand what should be done then. If the government isn't capable of providing that kind of help, then surely it isn't capable of eliminating all billionaires?