this post was submitted on 05 Sep 2023
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Work Reform

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[–] [email protected] 40 points 1 year ago (5 children)

I wish one of the bigger industrial countries had the balls to curb the state-like influence of billionaires, by flat out capping the amount of wealth they get to wield. It's not even that people should not be allowed to be "rich". But "rich" should mean owning 1-50 millions or so. Not billions.

[–] [email protected] 21 points 1 year ago (3 children)

You should try visiting Scandinavian countries. While being ultra rich isn't disallowed, it's so heavily taxed that ultra rich end up providing more for the welfare than any other group.

... that is until they move out to Switzerland.

[–] [email protected] 3 points 1 year ago (1 children)

Not true at all. Sweden has worse wealth equality than the US. Sure we have high income taxes, but basically no wealth or inheritance taxes. The only reason social democracy ever took off in Scandinavia was due to the fear of the nearby Soviet Union. The moment the Soviet Union collapsed all the countries of Scandinavia started dismantling the welfare and privatising.

[–] [email protected] 5 points 1 year ago

An inconvenient truth is that life was a lot better for the working class in a lot of countries before the Soviet Union fell.

[–] [email protected] 2 points 1 year ago

My buddy is in Switzerland doing his phD. He says col there is hella expensive. Do they have a tiny tax rate?

[–] [email protected] 1 points 1 year ago

Oh no Switzerland is in shamble 😰

[–] RegularGoose 9 points 1 year ago (2 children)

If we're not going to abolish money, it should really be entirely illegal for the highest paid person in a company to make more than, say, 15-20 times more than the lowest paid person.

[–] [email protected] 2 points 1 year ago

Lol 1 million doesn’t even buy a house where I live.

[–] MyNameIsIgglePiggle 1 points 1 year ago

Rather than worrying about trying to tax 1 person heaps (they will dodge it anyway)

Why not put in place improved worker protection and pay laws.

Higher minimum wage - say equal to the bottom quartile median house price in the area, mandatory health care even for the lowest paid employees, absolutely no overtime.

They can dodge this by moving manufacturing overseas... But they already did this.