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It can’t actually solve societal problems, that requires progressives.
It's basically just a power grab by a tiny fraction (< 1%) of the population against everyone else (including the rubes). And it doesn't make the rich happy either because we are social animals. It's better to be poor in Finland than super rich in Somalia.
You should probably argue your actual position instead of “your guy bad my guy good”. This comment is more Reddit than HN.