They have enough money to coast along to buy and hoard failing companies and collect them for whenever the economy rebounds.

Billionaires have so much money, they could spend a few thousand a day and it wouldn't hurt their bank account for decades.

Every once-in-a-lifetime economic disaster I've personally witnessed has taught me that any economic loss for billionaires is only temporary.

Let them lose enough to put them on the street with the rest of us. Hopefully it can humble them enough to understand that wealth should not be hoarded but shared for the greater good of society

Some, but it does work nicely as a regressive tax to offset their tax cuts. It's really hard to see who's winning in the race to destroy the global economy, someone has to right?