Being a billionaire is moral failing
this post was submitted on 04 Mar 2025
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Can someone explain what the picture is from?
I know its megaman, but why?
Better question, why not?
I figured maybe it was an infograph screen in the game or something.
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.
How does that work when for example a single company is worth two billion? Does the government now own >50% of it?
Easiest implementation would be shares start getting shared to all other employees. No more big owner when profits come from the laborers.
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.
It's a question of wording in OP's post - basically you tax based on net worth. And yes, boohoo it may mean you sell some of your buildings or part of your company to get there - including to things like Employee Ownership Trusts and other perfectly acceptable "curbed capitalistic" options.
It's still capitalism, don't get your dollar-bill panties in a bunch folks, but not savage unfettered capitalism, that's all.
Why do you think Bezos is repurposing the Washington Post to become an agent of "the free markets"? The writing is on the wall...
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(2 replies)
They certainly do more ketamine though.
They shouldn't exist and people should stop glorifying them. This goes for the ceo of valve too.
This goes for the ceo of valve too.
They gloat about overworking employees so they can remain short staffed
Idk…they can afford a lot of viagra
six billionaires saw this post, apparently
I worked in a school with a pretty good amount of students whose families had probably not entered the country legally.
I had a student who would be out at the end of the day. Like, yeah, lots of kids are zonked out by the last hour, and the fake sleep to watch silent TikToks was ever popular.
But this girl was out. The bell would ring and I’d try to wake her up. Like starting with a “hey the bell just rang, time to go home.” Gently nudging her to get no response. This was routine.
She worked a full time job at night. She didn’t get to sleep. She worked at night, she went to high school during the day.
There have been times that I’ve had to work three jobs to survive as an adult, and I’ve worked my share of fifteen+ hour shifts with no OT because who needs labor laws?
But that girl had to work harder to survive than any billionaire I’ve met could even conceive of (and I fucked a billionaire for quite a while). She was a child. She should have been tired because she had stayed up all night playing video games or talking to her friends - she should not have been tired because she had to have a full time job to survive as a teenager in high school.
and I fucked a billionaire for quite a while
Soooooooo
Are we just glossing over this or.....
Lmao
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(7 replies)
I will post this every time.
Billionaires have an unhealthy concentration of power, but they don't have a billion on their bank account. They own companies that are worth that much. They also aren't necessarily assholes.
Germany has many medium sized companies. They mostly treat their employees really well. Good pay, guaranteed jobs for their kids, etc. Many for sure are worth over a billion. And they are privately owned, so the owners are billionaires or close to it. So what is supposed to happen to those companies ownerships? Would it really be better if they are publicly owned?
I've come around to think that a wealth tax is necessary, but it's for sure complicated.
They also aren't necessarily assholes
Wrong buzzer noise
They've accumulated multiple orders of magnitude more money than anyone will ever need. That level of greed makes you an asshole by default
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(1 replies)
I don't see how taxation changes the balance of power. Their power is not, as you said, the size of their bank account, but in their ownership of the company's assets. They also don't create the company's value with their work. The employees do.
but they don’t have a billion on their bank account.
You may think having cash in your pockets is better because you are poor but having billions in companies and assets or owning the bank is better.
Germany has many medium sized companies. They mostly treat their employees really well.
Treating slaves slightly better does not make them free men.
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