Comment on How much money should one person realistically make or have?
cecilkorik@lemmy.ca 5 days agoIf that’s what you learned from your economics degree, you’re part of the problem. Spend a lot more time on business ethics and humanities, maybe get some degrees in that too before you start feeling like you’re qualified deciding how the world ought to work.
BlameThePeacock@lemmy.ca 5 days ago
Economics is about studying how it works, not forming opinions on how it should work.
If you want to discuss changing economic systems entirely, then discuss that, not ways to break the current one.
Our current economic system would not function with the changes proposed. All sorts of problems occur if you try to tax wealth when it’s created. Companies would receive no investment because anyone with money would have already hit the threshold and wouldn’t benefit from investing it. Not to mention that founders would be forced to walk away fairly early in the business even if they succeeded without investment.
Capitalism is inherently exploitative. You can’t have a profit as a company if you pay workers the same amount that you earn. If you pay workers out the entirety of the value and cut out the shareholders, you’ve just created socialism.
In my opinion, guided capitalism is the best system. Which means adding taxes and regulations to prevent the worst problems.
Like the fact that we already tax wealth somewhat when it’s sold off, and my proposal adjust inheritance taxes to 100% over a certain dollar value (10-20 million for example)