Don’t villainize billionaires! They don’t simply horde wealth, they create value, Lydia Moynihan argues. Taking money from innovators like Elon Musk won’t fix government incompetency, but it hurts innovation. Government spending is rife with fraud and incompetence. Over the weekend I got into a spat on TV about whether billionaires are simply hoarding wealth or actually creating value that improves our standard of living — and ultimately whether they should even be allowed to exist. I am not a billionaire (not anything close to it). I do not think all billionaires are good people. But, I’ve had enough of the online pile-on against them — whether it’s calls for violence from Hasan Piker (“let the streets soak in their f—ing red capitalist blood” is a classic); Robert Reich’s viral tweets claiming the only way to accumulate billions is through fraud, monopolies, insider trading, political cronyism or inheritance; or AOC claiming their mere existence is immoral.…