The existence of billionaires has become increasingly questionable, especially in the current political climate in the United States with politicians such as Bernie Sanders, Alexandria Ocasio-Cortez and Ilhan Omar denouncing billionaires for being the source of all the country’s problems. The majority of Americans don’t share this opinion however. A 2019 study on wealth, work and welfare conducted by the Cato Institute found that a staggering 82% of Americans believe that people should in fact be allowed to become billionaires. Sanders in particular often cites that the majority of Americans think billions are ‘immoral for society’, while using this to propose expensive and unworkable tax reform policies, without any mention of the effect this would have on business, markets and incentives to work and invest. Economy damaging arguments aside to vilify a whole section of society based on earned wealth is not just discriminatory, but negates all the good that billionaire philanthropists do in the world.