Comment by koonsolo
I would say billionaires create value just like any other entrepreneur, but billionaires take their profitability to the extreme. So in that sense, I agree they start to lean over to exploitation.
It's up to political structures and laws to keep billionaires under control.
Since wealth naturally accumulates to those who already have wealth and power, I would say it's a natural process. Look at history and how many elites had huge power and wealth. Just compare the richest man now, Musk, with Augustus Caesar, Genghis Khan, etc... . Musk is a nobody.
It's not up to the billionaires to keep themselves under control, it's up to us to create political structures to keep it under control. Which we are already doing (some countries better than others), and we could still improve.