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this post was submitted on 24 Nov 2024
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This whole populism trend is concerning to me. I agree that some folks are more responsible than others for the problems we face today. Even so, singling out and blaming a small group of people for the problems we face, then punishing them with legislation, is not the most productive way forward. We need real, serious solutions. "Get rid of X" rarely, if ever, works.
"rarely": so you admit sometimes the solution is "get rid of X" ? Then why would "get rid of billionaires" not be a solution for you ? To be clear I'm not saying we should kill them or physically hurt them in any way, we can simply reappropriate their wealth turning them into non-billionaire, also making it illegal for anyone to be a billionaire in the future. Why would that not work in your opinion ?
What we need to think about is how this works practically. A billionaire isn't someone with a billion dollars in their bank account: it's someone with a 50% share in a business with a market cap of $2bn. How do we address that fairly?
Now I'd say that a business with a certain level of profitability owes something to its employees, such that very few businesses would reach that level of capitalisation.
I don't see the issue, if we say 1 billion is too much (I would choose a lower maximum personally) if their wealth in any way or form is above the max, they have to sell a house or some asset, society in the form of the government (or whathever is in place) take the money to be used for public interest project. It's really not that punishing, they would literally be the richest people, and they would still have plenty of money/asset to enjoy life. They don't need more.
No, fuck X. Get rid of it.