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> None of these points are being contested or purported in the "line of thinking" you mention (the letter I linked I assume?)

These points are being purported/contested here:

"There is nothing worth celebrating about a world where inequality is so extreme that 58% of people are in poverty, while a few dozen billionaires have more than all of their wealth combined"

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They're not, but its fine to read between the lines. The letter makes no allusions to seizing wealth or stating that immense wealth hasn't been created.

My point is that the more useful description of the problem is:

“There is nothing worth celebrating about a world where 58% of people are in poverty”.

The “inequality” and the presence of billionaires is a distraction from the real problem: poverty.

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