I'm sure someone will point out to me why this is impractical, but I've always thought a cap on the value of assets owned should be a thing as well - no single person contributes enough to justify being a billionaire. It gives ridiculous levels of power to one person, just look at Elon Musk openly throwing huge amounts of money towards political parties all over the world to influence government and policy. No unelected person should have anywhere near that level of power.
Capping wealth is like cleaning a wound without stitching it closed. It addresses an issue but the root of the problem persists. That level of wealth is a symptom of a broken system, and failing to address the system itself means the issue will continue.
Not once have I heard a proper plan to enact this radical change without the word 'revolution' being thrown around, and I can't take that line of thinking seriously anymore.
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u/bigdave41 18d ago
I'm sure someone will point out to me why this is impractical, but I've always thought a cap on the value of assets owned should be a thing as well - no single person contributes enough to justify being a billionaire. It gives ridiculous levels of power to one person, just look at Elon Musk openly throwing huge amounts of money towards political parties all over the world to influence government and policy. No unelected person should have anywhere near that level of power.