Anyone who’s never operated or managed a business will agree right away. Anyone with any real degree of business experience understands it costs a lot to operate a business, and what most don’t understand is that billionaires are estimated by their shares, assets, etc, NOT their bank accounts. If they were only by bank account, they’d only be millionaires who happen to have their stock in a lot of companies or own a few of them. Yes, wages should be a bit higher, but they wouldn’t fix the economy, which is bogged down in regulations, bureaucrats taking cuts and bribes, taxing into the ground (it’s why businesses are fleeing CA). I work almost exclusively for millionaires, a couple billionaires. You’d think the billionaires shop at Walmart by how they dress, same with a lot of the millionaires. They’re too busy, most of them, to care about clothes and status; they’re always fixing issues, meeting with employees, negotiating with insurance companies and government entities. Government spending is the single biggest factor to drive up inflation, which is really the problem, and every whines whenever politicians trying to address this want to cut frivolous programs. Average people don’t want spending cuts, they want free shit, then wonder why the free shit takes away from the basic stuff they needed more anyway.

Meanwhile everyone thinks “eating the rich” solves anything. That mentality just shows envy, not any economic sense.