Democrats want us to believe that there is some cohort of “good billionaires” who can be relied upon to fight for political progress. But as the right-wing turn of tech billionaires like Mark Zuckerberg and Elon Musk suggests, this is nonsense.
One single billion at any one time is more than any one person should have. There really should just be a cap. Like, 999,999,999 is the highest your bank account can get, anything after that just flows into public programs.
The game Zelda: A link to the past had a max capacity of 999 rupees (money). If you picked up more, nothing happened. That’s how life should be.
I have some money and I’m not stupid enough to have more than 10K in cash. I’m sure billionaires have financial advisors that tell them how to invest their money
What happens when something already owned grows in value past the arbitrary maximum? Net worth is, after all, a function of how valuable everyone else thinks the stuff you own is. It’s a price tag.
If you buy a rookie baseball card for $5, and the player has a great year and now your card is worth $100, did you deprive anyone of $95 by continuing to own it?
I’m not super concerned with “things” and their value. If a person makes $1b a year and wants to buy a $1b yacht every year then they have a bunch of yachts. The point is that money went back into the economy. Now, if they have 2 and want to sell 2 for $2b all at once… sorry, no. There is a wealth cap.
The issue with Billionaires now is that money isn’t in the economy. The more they hold, the harder it is to get enough.
I think you have exactly the opposite impression of wealth than how it is in reality, then. Billionaires typically have only a tiny amount of their wealth in liquid funds (what you call “holding” money) - most of their wealth is in investments, and hence “in the economy”. So the thing you’re proposing already holds.
The issue with Billionaires now is that money isn’t in the economy.
Again, the baseball card growing in value by $95 took $95 away from no one. No one is deprived of cash in their wallet as a result of another person’s purchase appreciating in value.
Also, their net worth is not cash sitting in a vault, it’s investing into businesses that are running within the economy. It literally all is actively in the economy. You literally can’t become a billionaire without doing that. Saying/implying that billionaires “hoard” wealth is deeply ignorant.
Maybe they could use 32-bit twos complement arithmetic so if you have $2147483647 and you add one more dollar, suddenly you have NEGATIVE $2147483648. When you call customer service, they tell you that’s not a bug, it’s a feature. Heh heh.
One single billion at any one time is more than any one person should have. There really should just be a cap. Like, 999,999,999 is the highest your bank account can get, anything after that just flows into public programs.
The game Zelda: A link to the past had a max capacity of 999 rupees (money). If you picked up more, nothing happened. That’s how life should be.
Billionaires don’t have 1 billion in their bank account
How would you even know? If I had 150bn, I’d have at least ONE in several overseas banks so it looks like I have nothing.
I have some money and I’m not stupid enough to have more than 10K in cash. I’m sure billionaires have financial advisors that tell them how to invest their money
You don’t have money. 😂
What happens when something already owned grows in value past the arbitrary maximum? Net worth is, after all, a function of how valuable everyone else thinks the stuff you own is. It’s a price tag.
If you buy a rookie baseball card for $5, and the player has a great year and now your card is worth $100, did you deprive anyone of $95 by continuing to own it?
I’m not super concerned with “things” and their value. If a person makes $1b a year and wants to buy a $1b yacht every year then they have a bunch of yachts. The point is that money went back into the economy. Now, if they have 2 and want to sell 2 for $2b all at once… sorry, no. There is a wealth cap.
The issue with Billionaires now is that money isn’t in the economy. The more they hold, the harder it is to get enough.
Greed is a horrible thing.
I think you have exactly the opposite impression of wealth than how it is in reality, then. Billionaires typically have only a tiny amount of their wealth in liquid funds (what you call “holding” money) - most of their wealth is in investments, and hence “in the economy”. So the thing you’re proposing already holds.
Kill them anyway
Again, the baseball card growing in value by $95 took $95 away from no one. No one is deprived of cash in their wallet as a result of another person’s purchase appreciating in value.
Also, their net worth is not cash sitting in a vault, it’s investing into businesses that are running within the economy. It literally all is actively in the economy. You literally can’t become a billionaire without doing that. Saying/implying that billionaires “hoard” wealth is deeply ignorant.
They should still be shot
Grow up.
I am grown. And I can see the filthy rich are bad for humanity.
Maybe they could use 32-bit twos complement arithmetic so if you have $2147483647 and you add one more dollar, suddenly you have NEGATIVE $2147483648. When you call customer service, they tell you that’s not a bug, it’s a feature. Heh heh.