> it just takes money off the market. Hoarding is bad.
Like anyone with significant wealth, Bill Gates's wealth is mostly in non-cash investments, whereby the capital is used for enterprise.
A more sensible argument might be that Microsoft is successful because of anti-competitive practises / exploiting a monopoly, rather than adding value.
Even if it was hoarded as cash, this shouldnt matter. Less meal tickets floating around means that the each ticket gets more food. If Bill Gates is using the money for consuming resources(say making a huge building), this affects the economy as there is an opportunity cost(the consumed resources could have been used elsewhere). One exception is monetary crises where hoarding has a negative impact, but thats not the usual situation.
There is a strong case for redistribution of wealth on its own terms and social good.
Like anyone with significant wealth, Bill Gates's wealth is mostly in non-cash investments, whereby the capital is used for enterprise.
A more sensible argument might be that Microsoft is successful because of anti-competitive practises / exploiting a monopoly, rather than adding value.