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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: July 08, 2025, 07:17:08 PM »
just the few that can't afford the "Process"
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Cincydawg

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Re: Should there be billionaires? A test.
« Reply #29 on: July 08, 2025, 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.  

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FearlessF

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Re: Should there be billionaires? A test.
« Reply #30 on: July 08, 2025, 07:39:51 PM »
rich folks have been despised since time began

jealousy, envy. abuse of power

Robinhood is a popular guy
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utee94

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Re: Should there be billionaires? A test.
« Reply #31 on: July 08, 2025, 08:56:51 PM »
Eh.  I'm more of a Dread Pirate Roberts fan.
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FearlessF

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Re: Should there be billionaires? A test.
« Reply #32 on: July 08, 2025, 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.
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OrangeAfroMan

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Re: Should there be billionaires? A test.
« Reply #33 on: July 08, 2025, 10:42:49 PM »
Quote from: Mdot21 on July 08, 2025, 04:47:00 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.  
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OrangeAfroMan

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Re: Should there be billionaires? A test.
« Reply #34 on: July 08, 2025, 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.  
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brisco_0317

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Re: Should there be billionaires? A test.
« Reply #35 on: July 08, 2025, 10:56:33 PM »
Quote from: OrangeAfroMan on July 08, 2025, 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. 

Again, so generous with other people’s money.  

Can we make sure less wealthy people spend their money efficiently first before taking money from others?
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FearlessF

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Re: Should there be billionaires? A test.
« Reply #36 on: July 08, 2025, 11:43:53 PM »
no
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OrangeAfroMan

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Re: Should there be billionaires? A test.
« Reply #37 on: Today at 02:05:34 AM »
Quote from: brisco_0317 on July 08, 2025, 10:56:33 PM
Again, so generous with other people’s money. 

Can we make sure less wealthy people spend their money efficiently first before taking money from others?
Again, each end of the bell curve makes the normal function of things irrelevant.
Poor people tend to not spend money responsibly because they rarely have it and just buy more wants while they have it.  They're the ones buying lottery tickets, because while it's a bad bet, it's a smidgen of hope and in their minds it's as likely to hit as a bunch of penny-pinching and hard work is.  Yes, they have good reason to be pessimistic about fiscal responsibility + hard work. 

And we already attempt to direct people on programs like WIC spend wisely, providing monies for only certain food staples and not energy drinks & hot cheetohs. 
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OrangeAfroMan

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Re: Should there be billionaires? A test.
« Reply #38 on: Today at 02:15:27 AM »
I still can't fathom that we just passed a bill that gave the richest 20% a larger % tax break than the lowest 20%.  
THAT is unethical, no matter what you sprinkle in your word salad.
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