billionaires - proof there isn't much competition

 Billionaires are proof that there isn't enough competition. Don't get me wrong, I like capitalism, I like self-determination, I like being able to take your own stuff build stuff and make stuff and sell it to other people and make money. I love the idea of spending my money on myself. All good stuff.

 So here's how this argument goes, if competition is working at its best then everybody has an almost limitless choice of options for competing products. This drives the cost way way down. Each company makes just enough to keep making more stuff plus a tiny little bit of profit to make it worth their time. Nobody ever accumulates enough money to have a billion dollars because competition is making sure that people are getting stuff at the very very cheapest possible cost. All those billions of dollars stay in the consumer's pockets. Then everybody gets to take a little bit better vacation.

Now the billionaire's argument goes something like this. They're out competing everyone else, but they're also coming up with new markets and they're able to dominate those markets because they get there first. And because of globalization they're able to reach billions of customers in weeks rather than decades. This allows them to amass wealth quickly. But I would still argue that this is an indication of the problem, not a benefit of our current situation.

 The solution is not to tax away their profit and their wealth. The solution is to increase competition. Pass laws rather than taxes. Keep the government broke, but effective. Keep the people free.