this post was submitted on 08 Sep 2023
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It boils down to abolishing private ownership of the means of production. The fruits of labour of society must belong to society, not just a handful of people that have been inheriting wealth generation after generation.
Does it have to be exclusive? Society right now can own means of production. Cooperatives, joined-stock cooperations or foundations could be used to hold ownership and the fruits of labor could be shared.
If the majority is not willing to organize labor right now, who could take over the role of billionaires without abusing their position of power?
The billionaires abuse their power. The problem of an abusive manager being totally solved is an irrational height to set the bar at.
Why are billionaires not acceptable if abusive managers are acceptable?
Billionaires already represent societal detriments by the very nature of the absurd concentration of wealth into the hands of an individual.
Also billionaires tend not to personally manage things, which may be to save time for doing more abuse (see Elon)