I think that, somewhere north of $1 ~ $5 million is life-changing on its own. There’s no need for someone to have tens of millions or hundreds of millions. Tens of millions is like, changing multiple lives in a family with how much that can stretch.
Whenever someone has billions to their name, it is boggling to think about. That it becomes just ‘fuck you’ money at that point because more often than not, not a lot of billionaires out there being charitable. When they know they’re set for a few lifetimes just by a single billion alone.
No single person should ever have that amount of gross wealth.
Agree. Billionaires shouldn’t exist.
Personally, every penny you have in money/assets/stocks over £1b is taxed at 100% in exchange you get a medal that says “I beat capitalism” and a statue.
While I agree, then you are giving the government massive power to decide how much you shouldn’t make.
And what happens with all the “tax” money? Straight into politician pockets.
Its a compromise. You can have 999 mil as long as you invest back 100% into society thereafter…though, no one ever needs 999 mil either.
Taxes
Yeah but then they find ways to slurp up the tax money through bailouts and BS government contracts.
Yes, but we are talking tax policy, not how to solve human greed and corruption.
Getting to direct where every dollar goes above a billion is a huge amount of power. A single person deciding how to spend millions or billions of dollars to do what they deem to be improving society? They may do some good things, but a democratic process would probably do better overall.
Exactly