Comment on Billionaires shouldn't exist
ansiz@lemmy.world 9 hours ago
It’s sad that even the idea of a very high tax rate for even the top 0.1% is off the table. I really like the suggestion of capping net worth at $999 million and the government gets the rest.
pumpkinseedoil@mander.xyz 9 hours ago
How does that work when for example a single company is worth two billion? Does the government now own >50% of it?
Kitathalla@lemy.lol 6 hours ago
Easiest implementation would be shares start getting shared to all other employees. No more big owner when profits come from the laborers.
SippyCup@feddit.nl 3 hours ago
Could you imagine the talent pool the most profitable companies would have if all net profits over X billion dollars were automatically redistributed to it’s labor force? Suddenly the wealthiest middle class on earth would be in the US until then somehow clawed that money back.
AbsoluteChicagoDog@lemm.ee 5 minutes ago
That’s how it should be. When you actually think about how a few rich people who don’t actually do the work get to “own” the entire company it’s absurd.