Encyclopedia of Opinion
Question

Is being a billionaire a moral failing?

Is it possible to amass a billion dollars ethically? This entry maps the debate over whether being a billionaire is a moral failing, setting out the opposing positions that it is, and that it is not.

Position 1 of 2
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Yes, being a billionaire is a moral failing

Proponents of this position hold that being a billionaire is itself a moral failing: that a fortune of that size cannot match any one person's contribution, and that choosing to retain it while preventable suffering continues is a decision renewed daily.

Position 2 of 2
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No, being a billionaire is not a moral failing

Those who hold this position argue that being a billionaire is not in itself a moral failing: that wealth can be created rather than taken, that moral assessment belongs to conduct rather than to a quantity held, and that concentration is a matter for policy.