Don't abolish billionaires

Can there be morally appropriate tycoons in an age of growing income inequality?

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Billionaires are in notably bad odour with many people on the left. Socialists have long held that large stores of private wealth are tantamount to violence against those in need. But regular non-radical folks not on the left are fed up too.

Former Starbucks boss Howard Schultz's potential independent White House bid is simply infuriating, and it's maddening to feel helplessly tangled in the gilded web of global intrigue emanating from the US President, his plutocrat dictator pals, and America's retail overlord Jeff Bezos.

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A version of this article appeared in the print edition of The Straits Times on February 26, 2019, with the headline Don't abolish billionaires. Subscribe