• @gusgalarnyk
    link
    26
    edit-2
    22 days ago

    Every country should implement laws that fundamentally ban and prevent multi-millionnaires from existing. They are bad for democracy and they are bad for society.

    Last I heard the value was like 10 million or 20 million. Anything over that should be taxed at 100% or prevented in the first place.

    • @[email protected]
      link
      fedilink
      1422 days ago

      They’re also bad for the climate.

      I wonder whether they’re also bad for economy since they’re just sitting on the money instead of keeping it in motion.

      • @gusgalarnyk
        link
        721 days ago

        I would argue “the economy” can be a term to abstract away from the bottom line, the actual desirable outcomes. That’s housing for everyone, that’s good education, that’s thriving salaries. Given that every dollar given to a millionaire is a dollar not given to someone who needs it (assuming correctly that every society has people below the thriving line) then they are bad for the economy by definition.

        • trollercoaster
          link
          fedilink
          English
          221 days ago

          The problem is that in the mostly used narrative, “the Economy™” is just one figure: The GDP. That’s how we got to systematically making the rich richer at everyone else’s expense in order to have a “good economy”.

      • @[email protected]
        link
        fedilink
        -321 days ago

        Huh? Do you think billionaires just sit on their money? I’d guess they are nearly 100% invested nearly 100% of the time.