Why Does Everybody Suddenly Hate Billionaires?

For a while now, the resentment towards the richest of society has been growing as we are constantly fed that capitalism is evil and that billionaires are greedy. We are often told that billionaires don't pay their fair share of the taxes and that increasing taxes on the rich will allow for great welfare. However, this is not exactly true, as the top 1% of Americans already accounts for 37% of income tax revenue within the US. Furthermore, the cumulative wealth of billionaires is not enough to run the US government for a single year. Thus, offering greater welfare is not as simple as just taxing the rich. Most countries who do succeed in offering great welfare not only tax the rich heavily but also the everyday person with income tax rates often above 50%. Moreover, many people who complain about the top 1% are really just jealous of their success and wealth, and the truth is that the success of billionaires does not prevent or promote your individual success. This video analyzes the various reasons people hate the rich and why people shouldn't hate the wealthy if they themselves want to become wealthy.

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Timestamps:
0:00 - The Hate For Billionaires
0:31 - Unfair Tax Burden
2:30 - Truth About Welfare
3:31 - Slave Labor
5:10 - Trillions In Contributions
6:12 - The Truth About Inheritance
7:07 - Billionaire Hardship
8:33 - No Correlation

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Видео Why Does Everybody Suddenly Hate Billionaires? канала Logically Answered