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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uriel238@lemmy.blahaj.zone ⁨2⁩ ⁨weeks⁩ 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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