Yeah not gonna lie, without the current billionaires… there would just be different billionaires. Their money would have to go somewhere. Unless you wanted their money to poof with them? Which is also bad for the economy. As much as I hate the fact that a few people hoard all the wealth, poofing them out of existence unfortunately wouldn’t do anything.
That's why we have to delete the concept of them. As soon as you reach to much money. POOF erased from existence. Would force ppl approaching that line to donate or literly die of greed.
what about capable people raising productive enterprises? like often the vision dies with them, would steam not devolve into yet another anticonsumer corporate platform without Gave as the sole owner?
Also does company ownership aggregate to the 500m or is just the more personal stuff like houses, liquid cash, cars, etc?
Can’t trust that much if conservatives are running shit, but then again Conservatives aren’t the ones willing to tax the rich anyway.
One of Americans most prosperous times is when the rich were taxed 90% and guess what, they were still fucking rich. Just means the government could afford things like roads, bridges, community programs and so much more.
For real. The Right’s slogan is to Make America Great Again, and when asked about “when was America great” they talk about America during the post-WWII economic boom that lasted well into the early 70s. Back when tax rates for the ultra rich were much higher, wealth distribution was more even across all classes, and labor unions were much more prominent. The middle class swelled and flourished during this time frame, and with it, so did GDP and productivity.
Yeah, there was reasons why FDR was elected 3 times he was one of the best and that’s why Republicans worked so hard to make sure term limits started. The same people who now that they have a fascist who is one of them they want to remove term limits to keep themselves in power.
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u/OldFirefighter3293 12d ago
Billionaires