They simply don't know what they think they know. Armchair economists that don't even really have a concept of what exactly 1 Billion is. If say I asked how high they could count in their lifetime they would have to google it because they couldn't even tell you anywhere near the correct order of magnitude. Nor could they tell you say how much dirt Bill Gates would have had to shovel at minimum wage to have "earned it." Until you know the reality of what you talk about, the wise adage is that its better to shut up and be thought a fool than open your mouth and prove it. too many "economists" here that couldn't tell a derivative from a reverse mortgage let alone explain global wage arbitrage or the carry trade.