Total billionaire wealth in the EU reached €2.4 trillion by late November, exceeding Italy's entire GDP of €2.2 trillion and approaching France's €2.9 trillion economy, a new Oxfam report found.
  • nimeni133@eviltoast.orgEnglish
    42·
    13 hours ago

    I don’t think that, the difference that these guys and not rich anymore they are filthy rich. If someone is smarter than me they should deserve to be richer than me. But have hundreds of billions and etc. this is just to much.

    • songwriterallnighter@lemmy.zipEnglish
      4·
      13 hours ago

      Agree. I’d even go as far to say, they can get filthy rich, but not at an expense of people getting low quality product, low quality of life, and in the process messing up the environment too, but usually, when everything is said and done, that’s how they get ultra rich.

    • Phoenixz@lemmy.caEnglish
      3·
      13 hours ago

      No, they don’t deserve to be richer than you

      First off, “smarter” is a really hard concept. Do you think Elmo Musk is smarter than you? He’s a conman and an idiot and I guarantee you he isn’t smarter than you

      Then there are people that have certain specializations. They know everything about very little. This means they are very smart nonbthe subjects they know about and well, not so smart in others

      There are also the true geniuses, but those usually don’t end up uber rich. The theoretical physicists under us aren’t known for being billionaires

      Then there is just the basic question: what is smart? Somebody who mnaged to make a lot of money? Usually that’s not smart, it’s stepping on others backs. Musk made a lot of money but he did it by lying and scamming (and he continues to this day)

      And even then… Let’s assume for a second that there are objectively smarter people out there, do they deserve more than you and I, just because of good genetics? Fuck that Nazi shit.

      I want a world wide wealth cap. Say, 1 million dollar (pinky pushing against corner of mouth)

      We can keep capitalism as-is, all fine, but when your networth gets higher, your income taxes get higher… when you reach 1 million, 100% goes to taxes

      This way, we have the strengths of capitalism yet no more millionaires. Without millionaires, a huge amount of shit that comes with them, disappears too. Governments on the other hand get a huge tax income that they can spend on free healthcare, free education, universal basic income, you name it. Nobody will be super rich, nobody will ever be poor again.

      The 1M is a random number I pulled out of my ass, but the point stands. We need to cap how much net worth a single person can have. There is no explicit right that says you should be allowed to hoard money and art and networth.

      Within that limit we can allow people to do what they want. What to buy an expensive house? As long as it’s under the max, sure!

      Those crazy ass houses with 500 rooms from oligarchs? Convert them into hotels. Same goes for those crazy luxury ships, make small cruise ships out of them. Ban private jets unless for things where it makes sense, like medical transportation or something

      We don’t NEED private jets for anyone, especially not in the age of video calls

      Billionaires and millionaires are the main reason why democracy is dying, why the world’s environment is dying, why things are as bad as they are, today.

      Ban millionaires, ban billionaires and let everybody be as “rich” as they want within the wealth cap.