Yes, but a better way to see it is. It's going to billionaires who actually add value and lead to economic growth, leading to creation of jobs and rise in opportunities, not the billionaires who extract value and cause inflation.
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0 ups, 3y
You can't make something out of nothing, same with value. You can't buy something that doesn't exist. These other billionaires will use that money to make something that money can buy, increasing value in the process.