Billionaires aren’t villains — they’re the engine of American innovation

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Don’t villainize billionaires! They don’t simply horde wealth, they create value, Lydia Moynihan argues. Taking money from innovators like Elon Musk won’t fix government incompetency, but it hurts innovation. Government spending is rife with fraud and incompetence. Over the weekend I got into a spat on TV about whether billionaires are simply hoarding wealth or actually creating value that improves our standard of living — and ultimately whether they should even be allowed to exist. I am not a

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