One of the dumbest takes in politics right now is that billionaires shouldn’t exist. People who think this have no idea how money works. Nearly all of their "money" is locked up in startups, real estate and stock. To cash out, billionaires would have to crash markets by selling off all their stock. That means your investments get screwed too. The trickle down of this act alone would destroy so many small businesses that it’s unfathomable. Literally would destroy EVERY part of our economy. Same issue with taxing unrealized capital gains. Forces stock sales that to a lesser extent would still cause economic hardship for the entire nation. There would be zero net benefit monetarily AND you’d destroy our pace of innovation. All for what? For the government to spend more money? Name one thing they efficiently spend money doing… The answer is NOTHING. The real issue is that we need to drastically cut down the size, scale and function of government. We should be proud that anyone with a good enough idea and work ethic can become a billionaire in America. We should be celebrating success and inspiring kids to be the NEXT billionaire instead of demonizing success. I’ve heard too many people interested in this idea or parroting it like it’s some deep, realistic policy breakthrough. It’s not. It’s just revealing that you don’t know how money works. It’s also a spiritual revelation of jealousy in your heart and entitlement. I’ve been poor and wealthy in my life. An important lesson: No one owes you anything. When you operate from that place, you quickly become a better provider for yourself. Don’t depend on or desire for daddy government to control your life. The end result is a relationship where they own you because you’re dependent. And remember this: There’s almost no greater weakness than dependence because it sentences you to a bland life of mediocrity and cycles of fear. That’s my Friday night rant. 🫡