There is a very small faction of billionaires siphoning wealth away from the world, truly hoarding it such that it is unused and unproductive. The role of the political class is to facilitate this and distract the general population away from it by setting naturally allied groups against each other. Divide and conquer is as old as humankind and we still fall for it every time.
I just want to point out that billionaires do not have billions on their bank accounts, they own companies worth that much. The issue is the concentration of power they have through that.
There is a very small faction of billionaires siphoning wealth away from the world, truly hoarding it such that it is unused and unproductive. The role of the political class is to facilitate this and distract the general population away from it by setting naturally allied groups against each other. Divide and conquer is as old as humankind and we still fall for it every time.
I just want to point out that billionaires do not have billions on their bank accounts, they own companies worth that much. The issue is the concentration of power they have through that.