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That's rich rule
(lemmy.world)
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this post was submitted on 12 May 2024
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Limitation of creativity, wealth making can happen without trampling on others
How though?
There are many options, but the “easiest” one which comes to mind is to cap CEO pay at some value, like 2 mil say, and increase wages for lowest earners to a living wage. This is effectively moving the same money around, so shouldn’t really result in inflation, but I am not an economist.
Secondly, the nature of reality requires caps on expected profit margins, and shareholder expectations need to be adjusted. If people expect unmitigated growth, then they need to open up to exploring the universe (literally). Given that the universe is boundless, all our calculus based on resource limitations will need to change.
That sounds a lot better than what we have now, for sure.
I wish I could explore the universe.