I think in America . . .. in this world. We need to make a general consensus on what Enough Money is After a while .. . it's not about the money. it's about the ability to f*ck with other people The ability to impose your will on other people. At what point to we address this power discrepency? Rocket River
Why should there be a limit when all that money trickles down and helps the average American? look at how many people Elon Musk has helped for example y’all need to stop counting people’s pockets
Money/wealth is how we signal, measure, and allocate value amongst each other as a species. You want to disrupt/distort that signal as little as possible, otherwise you end up punishing good behavior and rewarding bad behavior. If you provide value to society you should accrue wealth for that contribution, indefinitely. Now, if you think income inequality is the problem of our time and this answer is inadequate for you, I want you to understand that present day income inequality would not be so outrageous if we didn't practice capital controls the way we do.
trumpers want to make america great again by taking us back to the 1950's...but that was a time when the marginal tax rate was like 90% and the top 1% payed a tax rate of over 40%.
I think Money is a bad measuring stick of ones value to society I think that we have reached a point where Capitalism is eating itself No new markets? Create one!! i.e. Overly medicate people so you can make a medication to counteract the negatives of the other medication rather than fix the original medication. Create things to break at a set time rather than make it last for ever . . . .etc. Look at Elon Musk, Epstein, PDitty . . .. enormous wealth gave them a level of insolation not only form ordinary people but from prosecution and the law. They could do almost anything . . .. if you are rich enough That is a problem that should be address. . . i was bad when banks were too big to fail now we have individuals that are too big to fail . . .. Wealth Acquisition does NOT equal GOOD BEHAVIOR and the concept that it is MUST STOP The ideal that the Wealthy are just BETTER PEOPLE doing BETTER THINGS is a dangerous myth More often than not. . .they are doing some of the BAD BEHAVIORS Which is we have to have UNIONS Because we cannot rely on them to "do the right thing" Rocket River
Spending $50 million a year would be difficult but I would be willing to try. Bill Gates has pledged to give away something like 99% of his wealth. I feel sorry for his kids, since they will have to get by on a couple of billions for the rest of their lives. As a society we can ask ourselves what did the scions of the uber wealthy contribute to society to deserve their fortunes? Most certainly lack the skills to keep or grow their wealth.
BLM believes in money is never enough. They’re too dumb to go after whiteys only and that’s why the well ran dry.
Money buys power. What if a figurative Bill Gates Jr decided that he wanted to completely reshape the US into a far left or far right utopia?
True. I don't have a side. He was just the first name that popped into my head. I guess we could do it like mad libs, insert multi-Billionaire with hard leaning political views _________________________
It can. I guess it depends what power though. It's not easy to effect millions of people just based on wealth. I don't think that would be possible. You're talking about taking a country that's already divided and politically restructuring it
Agreed - there are several issues being lumped into one. First, the idea that at some point enough money is enough is a valid argument. We limit people's ability to do many things because of social value in limiting it. Monopolies would be an example. The problem is that we will never get enough people to agree that there should be limits and what those limits should be. It is like asking people if "greed is bad", you MIGHT get a majority of people in 2025 to agree greed is bad, but as soon as you get into the minutia of what is greed, it all falls apart. As for income inequality - that is a legitimate problem, and the day of reckoning for that is coming. It happens every 75-100 years. There are also a number of ways to redistribute and improve income inequality.
