Comment on Larry Ellison Just Quietly Became the Most Powerful Man in America
phoenixz@lemmy.ca 3 days agoWhatever works, but not a billion, that is already way way too much.
In a society with proper taxing like this, nobody can spend a billion dollars, not even 100 million. Cap it at 10 or 20 million tops
Aeao@lemmy.world 2 days ago
We’d have to adjust it with inflation. Don’t get me wrong I’d love to have 10 million but it doesn’t go as far as it used to. I could see capping it at 100 mil tho
phoenixz@lemmy.ca 1 day ago
Of course the idea is extremely oversimplified, and yes, you’d need to adjust for inflation
And no, 100 million is way too much. Everyone can already today live quite comfortably with a net worth of 10 million. In a world where there is no such thing as student debt, medical debt, etc, one would need way way less to be comfortable.
Aeao@lemmy.world 1 day ago
100 mil isn’t too much. Cancer can wipe out ten mil.
phoenixz@lemmy.ca 1 day ago
Again, in a society with an actual functioning healthcare system. See Canada, western Europe, etc…