AskProfWolff: Marxism and the Slogan “Abolish Billionaires“

A patron of Economic Update asks: “Marxist activist and revolutionary Caleb Maupin claims that the slogan “Abolish Billionaires“ is anti-Marxist, and that Marxism means “vast abundance and expanding wealth“. Citing the immense progress that humanity has made up to the present day, Mr. Maupin envisions making everyone in the world richer than today’s billionaires. Is this all nothing more than a utopian fantasy?“ This is Professor Richard Wolff’s video response. Submit your own question to be considered for a video response by Prof. Wolff on Patreon: