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Topic: Should there be billionaires? A test.

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FearlessF

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Re: Should there be billionaires? A test.
« Reply #28 on: Today at 07:17:08 PM »
just the few that can't afford the "Process"
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

Cincydawg

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Re: Should there be billionaires? A test.
« Reply #29 on: Today at 07:20:16 PM »
We have had, have, and will have billionaires.  We've always had them, at least since ca. 1890 or so.  I don't really get all the resentment.  Some of them do good things with their money.  


FearlessF

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Re: Should there be billionaires? A test.
« Reply #30 on: Today at 07:39:51 PM »
rich folks have been despised since time began

jealousy, envy. abuse of power

Robinhood is a popular guy
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

utee94

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Re: Should there be billionaires? A test.
« Reply #31 on: Today at 08:56:51 PM »
Eh.  I'm more of a Dread Pirate Roberts fan.

FearlessF

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Re: Should there be billionaires? A test.
« Reply #32 on: Today at 08:57:54 PM »
Ross Ulbricht adopted the name "Dread Pirate Roberts" as his pseudonym while running Silk Road, a dark web marketplace for illegal goods and services.
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

OrangeAfroMan

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Re: Should there be billionaires? A test.
« Reply #33 on: Today at 10:42:49 PM »
I don't think that's accurate. not every rich person is a piece of shit. a lot of them are. not all of them are.
That's not what I said.  
“The Swamp is where Gators live.  We feel comfortable there, but we hope our opponents feel tentative. A swamp is hot and sticky and can be dangerous." - Steve Spurrier

OrangeAfroMan

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Re: Should there be billionaires? A test.
« Reply #34 on: Today at 10:50:18 PM »
The lives of billionaires, despite their toys, are far more stressful and busy than any of ours is.  Their day-to-day lives are probably not very fun.  It's not envy.

There comes a point where you have so much money, your life isn't just unlikely to be improved by more, it's impossible to be improved by more.

What is the harm of a 100% wealth tax on monies made/earned/created over some huge number, like $1B?
Once you have that much money, the only way it won't provide for your family for generations is sinking it into a bad business or investing it poorly.  
One can just do any of the 99.999% other jobs/activities/whatever with their lives and not need another penny for life.  

On the end of a bell curve, things become skewed - once you're like 7 SDs from the mean, none of it matters anymore.  
“The Swamp is where Gators live.  We feel comfortable there, but we hope our opponents feel tentative. A swamp is hot and sticky and can be dangerous." - Steve Spurrier

 

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