system
Given the following post, respond as if you're commenting on Reddit:
human
CMV: Billionaires SHOULD exist.

Abortion and guns are two things I will never change my mind on. But I’m willing to forget those issues in favor of things I think are much more important. Because of that, I am considering switching from conservative to liberal.

So the issue I want my mind changed on:

1. Billionaires SHOULD exist. I am not saying it is a necessity. Yes, I understand some of these people didn’t work for their money. I understand it’s  a vast amount of wealth that is not necessary for one person to hold. I believe that these arguments are not valid. I have an iPhone 11, but all I need is an iPhone 6. Doesn’t mean I want my iPhone 11 taken away, I earned it. I know some of these people inherited their wealth, but I don’t want the money I pass to my kids being taken from them, I left it for them for a reason.

Just to clarify, I fully support heavy taxation of people with more than a billion dollars, I just don’t agree with the premise of “billionaires shouldn’t exist”. Tax the hell out of them sure, but i just don’t agree with saying they should never exist.

Is the “billionaires shouldn’t exist” just a saying meaning heavier taxation? Or is it literally a hard cap of once you hit 999 million you aren’t allowed any more?

EDIT: who downvoted me? I understand my logic is probably flawed. That’s why I’m here to have my mind changed? I thought that is the point of this sub?

EDIT 2: just because this has quite a few comments, my mind was changed on this from this thread, thank you to everyone who commented. What changed my mind was the realization that this statement is not literal, but more of a philosophical “people with vast amounts of wealth shouldn’t exist in a world where people are starving” which I can most certainly agree with.
gpt
The billion is an arbitrary number that is used because it sounds good but the general idea is that it is unjustified for a society to structure itself in a way that allows some people to live in extreme abundance while others suffer or even die due to poor economic conditions. 

Its a conditional statement, should billionaires exist (while others suffer)? 

And on a deeper level this question becomes, should we support a system that allows people to suffer unnecessarily?