A billion dollars is an unfathomable number for the average person. A person making minimum wage in British Columbia would have to work for 8 hours per day, for 219 years without paying taxes to reach one billion dollars, but the wealthiest man on Earth, Elon Musk, recently reached $203 billion. The extent of societal and social power that a single billionaire has is unfathomable, with the recent example being most clearly seen with Elon Musk's purchase of Twitter. With the ability to influence public opinion and potentially censor opinions that they disagree with, Elon has bought his way into a position of power with this acquisition. This is undeniably immoral.
I envision a future where wealth inequality can be managed, so people cannot buy their way to undue power outside of the democratic process. While caps on wealth may be too aggressive, I think that closing tax loopholes used by the wealthy to avoid their fair share must be closed immediately. Offshoring wealth to countries with lower tax rates such as Monaco must also be prevented from occurring, as the hiding of wealth also prevents billionaires from paying what they owe to society. With greater income equality among the all people, we can better #UnleashValues and have a more fair, equitable, and democratic society.