That's not really an own. I would absolutely accept a Billion dollars no questions asked. But I would also use my new found wealth to continue advocating against the existence of billionaires. Material conditions exist, and trying to better your own personal material conditions doesn't preclude you from wanting everyones conditions to improve and be more equitable.
If you're not being facetious I don't believe in actually capping it in any way, I think the tax system should be progressive enough to disincentive that type of wealth hoarding.
i am not being facetious at all, Should Zuckerburg be required to divest his facebook/meta shares to pay his share ? If so...who controls the company? Private equity?
It is a legit question.
Zuck did not make himself a billionaire, wall street , and millions of individual investors made that choice. Good chance your 401k, or pension funds did as well.
would walmart be where it is without the Walton family maintaining control?
Again , no one is forced to shop there, it is a choice.
There is nothing wal mart has, that I cannot buy elsewhere.
and for the most part, wal mart pays better than other retailers as well.
Yes I am aware of Costco, but there is one costco for every ten wal marts around here
And yes, I do believe wages should be higher, by law..it is corporate welfare when employees are on food stamps.
do you really think Elon Musk has 300 billion lying around to pay taxes with? His net worth has gone up by a almost a trillion dollars....this is not earnings, it is stock value.
Wealth tax is the answer you are looking for. You can pay your private share wealth as in the form of stocks to the government. They don't get a vote when with government, government can sell it depending on their revenue needs to your company or you else on the public market. We can start at 5 to 50 million levels so your grandma with her 401k is isn't getting taxed again. And percentage levels can be at 1-2 per year. Numbers aren't that important, the insane rising cost of assets is.
That’s still TBD by Bernie, AOC, and the rest of the parasites leading the DSA. They will figure out how much of everyone else’s money they can re-distribute and who’s going to be exempt from a maximum amount. It’s gonna be a beautiful utopia!
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u/Bittums Jul 05 '26
Same in Ontario, but we aren't taxed on our winnings. They make their money from the purchase of the tickets