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re: True or False: In a world with no billionaires
Posted on 6/7/26 at 4:09 pm to rltiger
Posted on 6/7/26 at 4:09 pm to rltiger
quote:
If you let mob rule dictate what you can have and keep you quickly go from targeting billionaires to millionaires, to straight up socialism/communism quickly.
What's the end result of communism? Wealth and power concentrated in the hands of a few.
What's the end result of our current system? Wealth and power concentrated in the hands of a few.
The end result is the same, but we got there through "the right way," so hooray I guess.
No one is calling for socialism or communism, but the absolutists refuse to acknowledge history - when the wealth disparity reaches a certain inflection point, bad things happen. Society experiences unrest.
It's not a crazy thought to analyze history and the current situation and come to the conclusion that a slight tweak to the current system might be beneficial.
The problem is that so many people think that if you are not 100% for unfettered capitalism, which always results in crony capitalism, then you are 100% headed to communism.
There is a balance that can be achieved to uplift the general working population while still enjoying personal freedoms. But whenever anyone makes such a suggestion, conservatives immediately label them as a socialist. There's a purity test for everything, and it blinds people from seeing more effective solutions.
2
Posted on 6/7/26 at 4:53 pm to SnacknGold06
quote:
I do worry about growing wealth inequality
Why?
Posted on 6/7/26 at 4:53 pm to TenWheelsForJesus
quote:
What's the end result of our current system?
The highest standard of living, comfort, convenience, life expectancy, and health care ever known on this planet.
This post was edited on 6/7/26 at 4:59 pm
Posted on 6/7/26 at 4:54 pm to TenWheelsForJesus
quote:
No one is calling for socialism or communism, but the absolutists refuse to acknowledge history - when the wealth disparity reaches a certain inflection point, bad things happen.
Can you give me an example?
And to be clear, you're claiming a causal relationship, right?
Posted on 6/7/26 at 4:57 pm to SnacknGold06
quote:
The top 1% of households owned 31.7% of all U.S. wealth in the third quarter of 2025, the highest share on record since the Federal Reserve began tracking household wealth in 1989. That share has increased even as wealth growth for the rest of the population has stalled or slowed, the data shows.
Again, so what?
Poor people today—even with all that wealth disparity—live better, more comfortable and healthy lives than middle class people 70 years ago and kings 200 years ago.
And our current system is what produced that outcome.
Posted on 6/7/26 at 4:59 pm to lepdagod
quote:
billionaires hoard money
Point and laugh at this man.
He clearly thinks most, if not all, billionaires are completely liquid.
Posted on 6/7/26 at 5:01 pm to SnacknGold06
quote:
I do worry about growing wealth inequality
It’s not a zero sum game. Wealth is not finite.
Posted on 6/7/26 at 8:36 pm to lepdagod
quote:
Wait what… wealth is relative to the societal situation… it has always been haves and have-not
Absolutely right. But when you look at the proportions, things have changed drastically. 200+ years ago, there was a filthy rich king, there were the rich nobles, and then a circle of friend, generals, and suckups that were rich. If you had a country of perhaps the size of France (21m at 1700 year) there were perhaps 1,000 fabulously wealthy, 1m middle class, 10m working class (as in can almost cover rent and food most months), and maybe 10m destitute and starving.
As the means of creating wealth and doing business increased, those proportions have changed to see a huge middle class, a working class with ability to have multiple cars and travel, and a much larger rich class.
Posted on 6/7/26 at 8:45 pm to rltiger
quote:
You think taking his money is going to benefit you in any way?
No, but it will enrich DC politicians.
Posted on 6/7/26 at 8:52 pm to AUveritas
I’d rather have a thousand millionaires than one billionaire.
Posted on 6/7/26 at 9:25 pm to AUveritas
We don't need billionaires, but we need the opportunity to become a billionaire. If personal wealth was capped at say 500 million, where would Elon's future earnings go, 100% tax? Super risky endeavors that he didn't care if they were successful? Trust funds for his 13 kids so that he wasn't a billionaire, but each of his kids were?
Posted on 6/7/26 at 9:30 pm to lepdagod
quote:
billionaires hoard money
They only time hoarding money is a net drain on the populace is if they keep cash in their mattress. If you have a mortgage on your house, someone needed to put money in a bank to be available to lend to you.
Posted on 6/7/26 at 9:46 pm to Prodigal Son
quote:
I’d rather have a thousand millionaires than one billionaire.
Here's the question you should be asking yourself -
Would you rather have a thousand billionaires and 25 million millionaires, or zero billionaires and 10 million millionaires?
This post was edited on 6/7/26 at 9:47 pm
Posted on 6/7/26 at 11:32 pm to AUveritas
quote:
they are the ones supplying the jobs
Small businesses employ more employees than any other employment sector. Not billionaires.
Posted on 6/8/26 at 12:02 am to AUveritas
Ethiopia has no billionaires. Maybe it would look like that.
Posted on 6/8/26 at 12:30 am to GREENHEAD22
quote:
False. Especially if we assume that it would increase the overall wealth of the classes below them.
Making one man poor does not make another one rich. This is about as dumb a statement as one can make.
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