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Comment on A one-time 5% wealth tax would bring Silicon Valley’s billionaires’ wealth back to where it was just 31 days ago

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BillyClark@piefed.social ⁨1⁩ ⁨day⁩ ago

Just hit all billionaires, worldwide, with 100% of all wealth over a billion dollars every year. A billion dollars is really an inconceivable amount of money for one person to have. Far more than one person could ever legitimately earn in a lifetime.

Letting them retain one billion dollars is probably far more charity than they deserve, but what can I say? I’m just a softie.

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bitjunkie@lemmy.world ⁨1⁩ ⁨day⁩ ago
Like your card’s not getting declined for anything, ever. Why keep running up a high score when it makes many others suffer? It’s entirely unrelatable to me that anyone could be so fortunate and yet so callous.

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- NEZ27@lemmy.zip ⁨1⁩ ⁨day⁩ ago
  Spreading that out would likely create more businesses, art, shows, and everything for them to try. They could spend a life time and not run out of new experiences as is, but they like staring at a chart that looks like it says they are winning.
  
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uriel238@lemmy.blahaj.zone ⁨21⁩ ⁨hours⁩ ago
$30 million is generous and plenty to live on. Everything above that is capital that is only to be used to get even more.

Moreover even at $30 million, it’s difficult not to fall upwards. You can make really bad decisions, whether cruel, ignorant, reckless, or offensive to the public, and still turn a profit. It’s actually an argument against hiring upper management who are already well-to-do.

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