We don’t have to hang them, just put a wealth tax on them before they become billionaires.
But for anyone who has a billion I think it’s OK to take it all, because nobody should be so selfish so they have more than a billion.
The thing is that we already have a lot of billionaires. We do not to get rid of those before preventing more being created, because they are not going to give up being billionaires voluntarily.
The problem is hierarchies. The entire point of feudalism was to create a caste system where the ruler of each segment won’t be touched by the people below them. That’s exactly what modern society by and large looks like.
Until everyone’s equal, no one is. Hierarchical systems are antithetical to peace and equality.
I agree, but also…There are famously ways to avoid taxes. You need a backup plan when taxation doesn’t work. And remember, once someone becomes trully wealthy, they’re above the law.
More and more I’m thinking we really need a wealth tax. Not because the government needs the money - the government literally makes their own money, they can create as much of it as they want - but because I think a cap on wealth is necessary for social cohesion. Plus, once people get over a certain level of wealth, the chances of it seriously negatively affecting them psychologically seem to go up considerably. Many, if not most, billionaires are just weird, creepy, disturbed wackos. I don’t think it’s good for them or for society.
I certainly wouldn’t be opposed to capping individual wealth at $999 million. Another option might be to set the maximum at a percentage of GDP, maybe something like 0.01% of GDP. I think that would put the cap at just over $3 billion. That’s still an astronomical amount of money, and there would still be billionaires but not the mega, stupid billionaires.
Billionaires are undermining democracy, which already is a huge problem and against the values of a country that wants to be democratic.
Yes most billionaires end up wackos, which makes it even worse that they have so much power.
IMO you can add an extra zero to the decimal places to make it 300 million. 1 billion is IMO already to much.
But I wouldn’t make it a hard limit, just incrementally bigger tax percentage the higher you get.
More and more I’m thinking we really need a wealth tax. Not because the government needs the money - the government literally makes their own money, they can create as much of it as they want - but because I think a cap on wealth is necessary for social cohesion.
This is literally what the inheritance tax is for, so there’s precedent.
Of course, they piss and moan about that too, but I don’t give a shit and neither should anyone else.
We don’t have to hang them, just put a wealth tax on them before they become billionaires.
But for anyone who has a billion I think it’s OK to take it all, because nobody should be so selfish so they have more than a billion.
The thing is that we already have a lot of billionaires. We do not to get rid of those before preventing more being created, because they are not going to give up being billionaires voluntarily.
The problem is hierarchies. The entire point of feudalism was to create a caste system where the ruler of each segment won’t be touched by the people below them. That’s exactly what modern society by and large looks like.
Until everyone’s equal, no one is. Hierarchical systems are antithetical to peace and equality.
I’d really rather hang them though…
I won’t stand in your way. I am in principle against death penalty, but sometimes you have to break a few eggs.
Its certainly simpler, though hardly a solution. There’s always more billionaires unless you change the system that created them.
We could just keep hanging them.
Pretty sure that you’d have less and less once you start hanging them, but of course, I am not an expert (yet).
I mean would you want to become a billionaire if you knew you’d end up hanging?
Tax them, give them a choice, and if they choose…poorly, then hang them.
I bet you if ceos start erm, falling down due to high speed objects that may affect brain functions , things get changed fast
Tax.
Its not complicated. It might take a few goes to get it just right but what we have now is pathetic.
I agree, but also…There are famously ways to avoid taxes. You need a backup plan when taxation doesn’t work. And remember, once someone becomes trully wealthy, they’re above the law.
I’m definitely for a change of the system too, but in the meantime there always more rope too.
Yeah they think they’re so great and untouchable. Let them find out they’re mortal and fallible.
More and more I’m thinking we really need a wealth tax. Not because the government needs the money - the government literally makes their own money, they can create as much of it as they want - but because I think a cap on wealth is necessary for social cohesion. Plus, once people get over a certain level of wealth, the chances of it seriously negatively affecting them psychologically seem to go up considerably. Many, if not most, billionaires are just weird, creepy, disturbed wackos. I don’t think it’s good for them or for society.
I certainly wouldn’t be opposed to capping individual wealth at $999 million. Another option might be to set the maximum at a percentage of GDP, maybe something like 0.01% of GDP. I think that would put the cap at just over $3 billion. That’s still an astronomical amount of money, and there would still be billionaires but not the mega, stupid billionaires.
Billionaires are undermining democracy, which already is a huge problem and against the values of a country that wants to be democratic.
Yes most billionaires end up wackos, which makes it even worse that they have so much power.
IMO you can add an extra zero to the decimal places to make it 300 million. 1 billion is IMO already to much.
But I wouldn’t make it a hard limit, just incrementally bigger tax percentage the higher you get.
Sounds good to me.
This is literally what the inheritance tax is for, so there’s precedent.
Of course, they piss and moan about that too, but I don’t give a shit and neither should anyone else.
Even $1,000,000,001 is too much. I’d probably cap it somewhere closer to $10m, if we have to use money.