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If they can’t hoard money and increase their monetary value infinitely, then their business will stop having any reasons to exist in the first place.

Also, many industries are only efficient at scale, and so putting any limit to that is going to hurt the economy (and hence, you) big time.

Capitalism, in any form, has this fundamental trouble where it either rips you, or has no reason to exist. Taxing the hell out of the rich is a step in the right direction, but ultimately even that is not sustainable. We need socialism.

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msage@programming.dev ⁨3⁩ ⁨weeks⁩ ago
We don’t need most of what is being produced today.

Most of those should die.

For every useful thing there are mountains of plastic useless waste produced, sold, and thrown away just to keep the economy turning. Including many clothes.

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ColeSloth@discuss.tchncs.de ⁨3⁩ ⁨weeks⁩ ago
That’s a negative on pretty much all you’ve said. Companies will keep growing. More people at the companies will max out at how much you can earn. No one will want to give all extra money to just paying taxes. Instead they’ll take that extra money and it will get dumped back into the company. More buildings, expansion, more employees, higher pay and benefits, r&d, etc. they’ll spend the extra money. You’re talking as if someone who was making $5,000,000 a year would just be like “meh. Not worth doing this”

This was actually fairly close to how things where in the 1950’s when the US had everything going it’s way (if you were white, anyhow). Tax rates on the wealthy where over 90% at one point for over $250,000. Back when you could work at a grocery store and own a home and a car and not worry about drowning in medical debt.

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