Without the ability for a single man to acquire that much capital we wouldn't have Tesla or SpaceX.
Labor doesn't always have value. If I spend 8 hours digging a hole nobody wants there is no value in it despite strenuous effort involved.
But if someone with the talent, ability, resources and balls to earn a billion and then risk it on a new company to cure cancer, or solve similarly worldwide problems does so they deserve it.
I'd argue that musk and bill Gates are far more effective with their money to improve humanity as a whole than if 90% of it were distributed to the destitute. SpaceX has also proven to be far more flexible, efficient, and agile than NASA in recent memory.
Labor doesn't always have value. If I spend 8 hours digging a hole nobody wants there is no value in it despite strenuous effort involved.
But if someone with the talent, ability, resources and balls to earn a billion and then risk it on a new company to cure cancer, or solve similarly worldwide problems does so they deserve it.
I'd argue that musk and bill Gates are far more effective with their money to improve humanity as a whole than if 90% of it were distributed to the destitute. SpaceX has also proven to be far more flexible, efficient, and agile than NASA in recent memory.