32. Is it ethical to be a billionaire?

Here’s today’s listener letter:

A friend and I recently got into a debate about whether or not there’s such a thing as an ethical billionaire? What do you think? I don’t think Billionaires should exist but my friend says that innovators should be incentivized to improve the world.

Links from today's discussion:

Walmart and McDonald’s employees are 

https://www.washingtonpost.com/business/2020/11/18/food-stamps-medicaid-mcdonalds-walmart-bernie-sanders/

Wealth Hoarding in America

https://fortune.com/2020/07/14/billionaires-philanthropy-coronavirus-crisis/

America’s billionaires have a hoarding problem

https://fortune.com/2020/07/14/billionaires-philanthropy-coronavirus-crisis/