Comment on Grok Says It Would Kill Every Jewish Person on the Planet to Save Elon Musk

• phoenixz@lemmy.ca ⁨2⁩ ⁨days⁩ ago

  None of that seems very hard

  Find other people and invest with a group. You’ll end up with loads of companies with lots of small shareholders. If your shares become worth souch that you go over the 10M, you’ll have to sell some or have some taxes for taxes.

  Maybe have governments fund independent investment foundations that can help setup startups

  This isn’t even a utopia, it’s literally current capitalism with a small set of core rules added that will make a huge difference between now and how it could be.

  It could be that nobody has to be poor anymore. Governments will have huge incomes so loads of money for socialist projects like free education and healthcare and housing.

  The few problems I’ve seen mentioned so far, to me, are literally details that follow from the core rules.

  Nobody can be worth more than X (and for now, say that X is 10M) and companies cannot be worth more than Y (let’s say 1 billion dollars). Both values can be +/- 5% if you hover at the limit, that doesn’t really matter much. What does matter is that we’re now finally all equal and still have capitalism as the core engine, allowing for all the freedoms we have today

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  • locuester@lemmy.zip ⁨2⁩ ⁨days⁩ ago

    Yeah, it needs a lot more thought put into it because with wildly fluctuating equity prices you run into scenarios where a run up on a security triggers you to have to sell a bunch and give it to the government but then if that security returns right back to the price it was the week before you’re just shit out of luck. Because of that it means people will go to great lengths to find ways to circumvent this because it’s not fair.

    I’m not saying it’s a bad idea what I’m saying is that it needs refined and thought through a lot more

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• t3rmit3@beehaw.org ⁨1⁩ ⁨week⁩ ago

  personal net [worth]

  personal

  Privately owned power plants aren’t built and owned by individuals. Ditto for 99% of large buildings. And we can do without the personal skyscrapers, yes.

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  • locuester@lemmy.zip ⁨1⁩ ⁨week⁩ ago

    I was referring to the company net worth that was mentioned.

    The quote was related to my question.

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    • t3rmit3@beehaw.org ⁨1⁩ ⁨week⁩ ago

      You quoted the wrong part, then. The company cap that Phoenixz proposed was $1 billion, not $10-20 million. Companies can easily build large-scale projects with a billion, and projects that are going to run over that should probably be weighed against public interest and publicly-funded and managed, if they’re beneficial.

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      • locuester@lemmy.zip ⁨1⁩ ⁨week⁩ ago

        Like I said, the quote was related to my first paragraph asking the question about personal net worth.

        I didn’t then quote the company part as I thought the flow continued logically. It seems I was wrong.

        I’m aware of the cap he said, and that’s what I was asking an opinion on.

        Thank you for contributing yours.

        should probably be weighed against public interest and publicly-funded and managed, if they’re beneficial.

        So large skyscrapers, large nuclear plants, datacenters, etc would be state owned.

        If we did that, I’d argue to make the limit even smaller. It would encourage companies to stay small and that would help prevent monopolies perhaps.

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• leftascenter@jlai.lu ⁨1⁩ ⁨week⁩ ago

  how would this work in your utopia?

  Like it did in the US in the 1930-60s. Not gonna reinvent something that has proven useful and effective enough to create a superpower.

  Seems difficult to raise capital that way.

  Something something banks?

  Would you put more large cap projects in the hands of a government? Things like power plants, large buildings, etc?

  Power plants are a perfect example of infrastructure that need to be national and not private in order to be technically and financially efficient. Running them for profit either means you end up overlooking safety for profit (see David Besse) or hiking the selling price which is detrimental to both your industry and population.

  Large buildings are just not on the same financial scale or are just uselessly tall.

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