Billionaires are not inherently bad

Hating billionaires and scapegoating them for the world's problems is a very popular pastime on Reddit. Much of this hate seems to come from the incorrect notion that billionaires make everyone else poorer. The truth is they actually make everyone else wealthier. They found and grow business that create employment, build up industries, and introduce new technologies. They grow the pie for everyone. They do not just take a larger share of it for themselves.

This does not mean that billionaires always act ethically or that they are beyond criticism. They should be criticized for their misdeeds. But let that criticism not rest on the incorrect notion that they are draining away wealth from the rest of society. They are not.