31–40 of 246 posts
Until there's a wealth floor -- until everyone is fed, sheltered and has access to education, there needs to be a wealth cap. We, as a collective humanity, should not allow anyone to have more than, say, $20 million, until the basic needs of others have been met.
Until there's a wealth floor -- until everyone is fed, sheltered and has access to education, there needs to be a wealth cap. We, as a collective humanity, should not allow anyone to have more than, say, $20 million, until the basic needs of others have been met.
For example, Elon Musk would be forced to sell all but a minuscule sliver of his shares in Tesla, SpaceX, etc and give the proceeds to the tax man. He'd be out on his arse and replaced by an executive hired by whoever bought the shares. It would be the death of Tesla and SpaceX as we know them.
That's just a highly visible example, but the effect would be to take tens of thousands of companies out of the hands of the people who currently run them, and into the hands of random investors. It's not clear to me this would actually be any good for those companies, or the economy, or the people working at those companies, or their customers.
Finally, if everyone who's currently an investor in these companies, but has more than $20m also get taxed down to $20m, who is going to buy all the shares? You'd also tax out of existence the vast majority of the source of investment and capitalisation in the economy. There's be functionally nobody left capable of making significant investments.
These things matter. It's nonsense like this that is why Marxist experiments the world over have caused such havoc and misery on unimaginably vast scales.
Until there's a wealth floor -- until everyone is fed, sheltered and has access to education, there needs to be a wealth cap. We, as a collective humanity, should not allow anyone to have more than, say, $20 million, until the basic needs of others have been met.
That's a little authoritarian.
Until there's a wealth floor -- until everyone is fed, sheltered and has access to education, there needs to be a wealth cap. We, as a collective humanity, should not allow anyone to have more than, say, $20 million, until the basic needs of others have been met.
What would this policy look like? Government seizing shares of companies from people if their valuation rises too much?
Until there's a wealth floor -- until everyone is fed, sheltered and has access to education, there needs to be a wealth cap. We, as a collective humanity, should not allow anyone to have more than, say, $20 million, until the basic needs of others have been met.
Such weird logic; we should level down everyone. I don't live in a nice house, so everyone should be stuck like me in an old flat until everyone can get nice house. I'm not happy -> Everybody should be unhappy
Until there's a wealth floor -- until everyone is fed, sheltered and has access to education, there needs to be a wealth cap. We, as a collective humanity, should not allow anyone to have more than, say, $20 million, until the basic needs of others have been met.
Few more steps and you"ll reach communism.
Until there's a wealth floor -- until everyone is fed, sheltered and has access to education, there needs to be a wealth cap. We, as a collective humanity, should not allow anyone to have more than, say, $20 million, until the basic needs of others have been met.
Most basic needs are or could be met already. Apart from Housing / Shelter. Which some how no government plans to tackle because the world economy is quite literally built or based on land and property prices. Even talks about UBI completely neglect housing prices. Which I came to the sad conclusion, those that understand housing wont talk about it, those that dont understand will never talk about it.
Until there's a wealth floor -- until everyone is fed, sheltered and has access to education, there needs to be a wealth cap. We, as a collective humanity, should not allow anyone to have more than, say, $20 million, until the basic needs of others have been met.
Such weird logic; we should level down everyone. I don't live in a nice house, so everyone should be stuck like me in an old flat until everyone can get nice house. I'm not happy -> Everybody should be unhappy
Same as it ever was. Who needs to pay more taxes? Those people over there.