Yeah, so this is the part where the market regulates itself? Y’know, the part where ultra billionaires just dump money by the boatloads to buy up stuff that everyone needs?
Capitalism will ONLY work if we put hard caps on how much wealth a single person can hoard. Billionaires shouldn’t exist. Millionaires shouldn’t exist. There is no need for them and there is no human right somewhere that says that you really van become one.
Any wealth over 1 million should be taxed 100%, doesn’t matter the country.
With that, we can say goodbye to hundreds of problems that plague the world, including this one
I only half agree with this assessment. Most million dollar homes are million dollar homes due to billionaires and firms poaching housing from actual families and driving up prices.
Idk WHERE we draw the line, but I absolutely say we start culling from the top and see where we land.
The housing market is effed in a lot of places, no argument from me on that. But stringing up someone with a nest egg for their retirement isn’t the solution.
That’s not true, considering 60% home ownership. How can most homes be owned by billionaires when most people own their homes. Are most people billionaires?
Marx himself wrote this long ass book explaining the capitalism of his time, yet modern leftist have no interest understanding the capitalism of their time.
Any middle-class person who puts their mind to it will become a millionaire. It involves living below your means, not buying cars constantly, and investing your money for decades. I can’t stress enough how big of a difference those things make.
A huge portion of retirees are millionaires because they were responsible and didn’t blow all their money.
Millionaires shouldn’t exist.
Why would you want responsible, middle-class retirees to blow their money instead? Why would you force them into a situation where they have to rely on others in their retirement rather than living comfortably off their own hard work?
Yeah, so this is the part where the market regulates itself? Y’know, the part where ultra billionaires just dump money by the boatloads to buy up stuff that everyone needs?
Capitalism will ONLY work if we put hard caps on how much wealth a single person can hoard. Billionaires shouldn’t exist. Millionaires shouldn’t exist. There is no need for them and there is no human right somewhere that says that you really van become one.
Any wealth over 1 million should be taxed 100%, doesn’t matter the country.
With that, we can say goodbye to hundreds of problems that plague the world, including this one
My dad’s house that he bought in 2006 is worth over 1 million, how do you tax that
If you are in my state, it’s taxed via property tax.
A million ain’t what it used to be. You want to retire so you need to invest. You don’t want to pass laws that make that impossible.
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This platform is so incredibly out of touch with reality, especially the more left leaning side of things.
A millionaire these days just means you’ve paid off your mortgage and have a decent amount put away for retirement.
I only half agree with this assessment. Most million dollar homes are million dollar homes due to billionaires and firms poaching housing from actual families and driving up prices.
Idk WHERE we draw the line, but I absolutely say we start culling from the top and see where we land.
The housing market is effed in a lot of places, no argument from me on that. But stringing up someone with a nest egg for their retirement isn’t the solution.
Oh, for sure, but I’d bet my goat that the problem would go away WELL before people started looking at single family homes actually owned by families.
That’s not true, considering 60% home ownership. How can most homes be owned by billionaires when most people own their homes. Are most people billionaires?
Marx himself wrote this long ass book explaining the capitalism of his time, yet modern leftist have no interest understanding the capitalism of their time.
I don’t remember it being that big of a book.
I think all volumes of capital combined are like 1000 pages?
You’re probably right. I last read part of it for a class about 35 years ago, and I no longer trust my memory anyways.
There’s a lot they don’t understand, to be honest.
Any middle-class person who puts their mind to it will become a millionaire. It involves living below your means, not buying cars constantly, and investing your money for decades. I can’t stress enough how big of a difference those things make.
A huge portion of retirees are millionaires because they were responsible and didn’t blow all their money.
Why would you want responsible, middle-class retirees to blow their money instead? Why would you force them into a situation where they have to rely on others in their retirement rather than living comfortably off their own hard work?
Very much so, even someone in the trades could well be a millionaire when they retire.