11–20 of 76 posts
Taking things out by force (from anyone and anything) is never a solution, because everything is relative in this world, including your wealth.
Real question: If I start a business and people love my product so much so that I become a billionaire. Am I a bad person?
Real question: If I start a business and people love my product so much so that I become a billionaire. Am I a bad person?
If you knew for a fact that you would never make more than $100million no matter how successful it was would you still try to start a business?
Real question: If I start a business and people love my product so much so that I become a billionaire. Am I a bad person?
When asked why he robbed banks, Willie Sutton answered: "Because that's where the money is."
This is a very stupid idea that will no doubt get a lot of attention for the author by people who will explain in great detail how stupid it is. I wonder if that was the intent? There is zero chance of this ever happening. It is not worth the time to read about it. Edit: Seriously, this is populist clickbait drivel the Times is running so the broke millennial demographic can drool over revenge fantasies of smashing t…
You may be right, but I don't think you could have made a less persuasive argument.
Real question: If I start a business and people love my product so much so that I become a billionaire. Am I a bad person?
Real question: If I start a business and people love my product so much so that I become a billionaire. Am I a bad person?
Personally, I don't go so far as to advocate abolishing billionaires, but I do favor a very high tax bracket like 80 or 90 percent to fund basic redistribution. This would not abolish billionaires, but would make it harder to become a dollar billionaire. When asked why he robbed banks, Willie Sutton answered: "Because that's where the money is."
Real question: If I start a business and people love my product so much so that I become a billionaire. Am I a bad person?
History has many examples of people changing the world for the better and getting filthy rich doing so. If we start wealth taxing these people to limit their resources you are limiting their ability to push boundaries and hopefully advance society.
Where I feel the issue sits is with dynastic wealth. Just because grandpa did something, great grandchildren 10 generations on shouldnt be expected it's their right to be sitting on massive trusts of assets.
And I think this limits society if we let capital accumulate for a bunch of reasons but mainly 1) we become a divided society with little social mobility, 2)we lose innovation as people sit on assets and industries reduce competition. And poor people don't have the access to time or resource to innovate themself and 3) most importantly if we let small groups of elites run the country they stop caring about services that matter to most people. Things like schools and hospitals become cost lines to be reduced because they or their kids will never use the public system so that increasing teacher ratio, or longer waiting lists become less meaningful.