Without discussing validity of the argument, which is pointless anyway, billionaires are in many ways similar to autocrats: they have a ton of unchecked, unelected power, near zero incentives to put this power to benefit everyone except for goodness of heart (but even then they are tied by laws obligating them to give profits to public companies), and every incentive to benefit themselves.
Comment on There are Minimum Wages, Why Not a Maximum Wage?
mechoman444@lemmy.world 2 weeks agoI just want to start off by saying that your opinion is valid and it’s not even necessarily wrong. So don’t listen to anybody trying to disparage you on this.
If we are to allow billionaires to exist, they should take considerably more responsibility for the power that they wield and they of course should be taxed fairly in accordance to their income.
Allero@lemmy.today 2 weeks ago
catloaf@lemm.ee 2 weeks ago
Agreed except the part about lobbying. The EFF and ACLU are lobbying groups, and I don’t think you want to outlaw them. Heck, signing a petition is a form of lobbying.
LifeInMultipleChoice@lemmy.dbzer0.com 2 weeks ago
If they were taxed fairly it would be impossible to become a billionaire at this stage in our economy.