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Politics with Pavlinec: Why Do Billionaires Exist?
Inequality is a main focus of our politics today. It undergirds arguments on taxes, healthcare, economics and wages. In congress, Democratic-Socialist Alexandria Ocasio-Cortez claims it is immoral to have a system with billionaires. On its face, this is a brilliant appeal to emotion, but it instead displays deep misunderstandings of inequality and economics. Every economy…