Thought: I do NOT think that 50% of the worldâs billionaires should be women. I think there shouldnât be any billionaires at all.
So you are saying 0% of the world should be billionaires?
Why shouldnât their be billionaires? That makes no sense.
Because the existence of billionaires is predicated on the exploitation of human labor and unsustainable environmental harm. That level of wealth hoarding is harmful to economies, as it reduces the amount of money in circulation. No one person, no family, could ever conceivably even SPEND a billion dollars anyway, and it is inherently immoral to accumulate wealth so narrowly while so much of the world lives in abject poverty. Â
Better then to create a wealth ceiling, a point at which all wealth over a certain point is taxed at or very near 100% to incentivize people to actually spend their money rather than hoard it, stimulating the economy and bettering the lives of far more people. Better even still to create and regulate economic systems that protect workers and the environment in a way that such extreme levels of wealth accumulation arenât even feasible.Â
The problem with this is that it reduces the incentive to actually do fiscally well. Whatâs the point of starting a business if you canât become wealthy?
There is a very real difference between âreasonably wealthyâ and A BILLIONAIRE
No one is saying you shouldnât have a nice house, we are saying that having multiple really, really ridiculously nice houses while your employees are either homeless or at serious risk of becoming homeless is immoral.
Iâll never understand why this concept is hard for people. I think itâs because they canât actually fathom how much $1 Billion is.
Seriously.
Letâs say you have a badass job. A great job. You make $100 AN HOUR. You work 10 hours a day ($1000 A DAY), 5 days a week ($5000 a week!!!), every week ($20,000 A MONTH), thats $240,000 Every Year.
It would take you 4,167 years to make a billion dollars.
>The problem with this is that it reduces the incentive to actually do fiscally well. Whatâs the point of starting a business if you canât become wealthy?
Uh-huh.
Take away billionaires and you just put millions or possibly billions of people out of work.
Glad to know you hate the working class.
Thatâs literally the opposite of how reality works but keep going
Do you know how many people work for Walmart?
Get rid of Walmart and you have millions of students and the elderly who needed that paycheque suddenly out of the job.
What about construction workers? Who depend on rich businessmen a lot to get good contracts with good pay.
People have the right to accumulate money and the moment you say they canât or that thereâs a limit that is an issue. The idea that billionaires are exploiting the people they give money to. Is a completely idiotic idea.
The vast majority of the working class is indirectly working for and paid by person or people richer than them. Because you kind of need to be rich to hire thousands of workers.
The rich are an important part of how the economy works. Donât beleive me? As the Soviets they figured that out the hard way.
Look. A dumbass who canât read at all ^
Whoâs saying get rid of jobs and companies? No one! Were saying being a billionaire is immoral when your workers who subsidize their lives are starving
Billionaires = companies
^guys look at this guy who doesnt understand that you dont have to be a billionaire to own a company
Iâd like to see a non-billionaire maintain a company like Walmart.
Walmart shouldnât exist and the Waltons are trash who probably all deserve to be executed. Yup I said it. Change my mind.
Okay so I guess all those students, elderly, and disabled people donât get jobs. Glad to know you donât care about them.
âWalmartnis a good company because it exploits vulnerable workersâ is anâĻinteresting take.
@adrunkensailor YouâdâĻ like to see a non-billionaire maintain a company like Walmart?
Funny you should say that.
Itâs almost like billionaires contribute exactly nothing to the economy, simply leeching off of âtheirâ companies (and, via subsidies for those companies, their host countries).
Also like you have no fucking idea how much a billion dollars is. This guy has a net worth of $60 million, and makes $22 million a year. By any reasonable standards, thatâs fabulously wealthy, right?
At that rate, this fabulously wealthy dude who gets paid approximately two metric fucktons a year? Would need to work for 43 years in order to become a billionaire. Assuming he never pays taxes or has other expenses of any sort.
There is no excuse for sitting on a billion dollars while the US government subsidizes your wages so your workers donât starve. (Yâknow, except the ones who do anyway, because the USâs safety nets are notoriously leaky by design.)
