While others starve.
Society should not allow billionaires.
While others starve.
Society should not allow billionaires.
If these investors eventually exit profitably, some portion of their gain will be used to cover the losses of other bets they made that didn't work out while some will be given to society at large through taxes. These investors are a huge net positive for the world.
It's completely reasonable to hold the opinion that they'd be an even bigger net positive if we increased the capital gains tax or had an even more progressive tax system (and I'd agree with ya!). Don't get confused though, even with the system as is, having investors who are willing to spend their money on society changing bets that probably won't work out rather than using it on themselves to buy an island or whatever is a very good thing for us all (even if it results in them being a billionaire rather than a millionaire at the end of it).
(e.g. SpaceX of course)