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meadowlander

(4,415 posts)
20. Making it about the person falls into the trap of the rags-to-riches plucky entrepreneur myth.
Fri Jun 25, 2021, 07:07 PM
Jun 2021

It should be about banning pathways to become a billionaire by:

- rent gouging
- price gouging
- price fixing and monopolistic behaviour
- land banking or other hoarding behaviour
- rent seeking (increasing your share of a set value without producing anything new)
- underpaying workers
- cheating workers out of overtime and holiday pay
- privatising what should be public services (health care, prisons, basic infrastructure)
- tax evasion
- bribing politicians to enact favorable legislation (sorry "lobbying" and "campaign contributions&quot
- externalising the environmental and social costs of doing business
- committing fraud
- inheriting obscene wealth from your parents - which I would define as "the amount any human requires to meet their needs without working a single day in their lives x4". Let's say $50 million in today's dollars.

Nobody is "against" billionaires because they can imagine being one themselves one day but everyone is against the things listed above and, let's be honest, that's how 90% of billionaires became billionaires, not coming up with some brilliant, innovative idea that changed the world. The people doing that are the engineers whose stock options land them, maybe, in the low hundred millions if they're super lucky.

It's obscene that some people are so rich while others have to sleep in the street liberal_mama Jun 2021 #1
+1 zuul Jun 2021 #2
Sorry... orwell Jun 2021 #3
I'll have to remember that the next time a person who is Asian in appearance is attacked on mahatmakanejeeves Jun 2021 #24
15 million would mean that Amazon would stop at 15 million in profit as jimfields33 Jun 2021 #4
You're right - it's complicated. harumph Jun 2021 #7
While we're at it DFW Jun 2021 #5
DFW, I'm inclined to agree for reasons of common sense - but that said, harumph Jun 2021 #10
I looked at your post DFW Jun 2021 #12
Outstanding Response (nt) ProfessorGAC Jun 2021 #17
Ok then. To sum up harumph Jun 2021 #18
First of all DFW Jun 2021 #22
Virtually nobody becomes a billionnaire by themselves these days. meadowlander Jun 2021 #21
I have no problem with Billionaires so long as there's a thriving and growing Middle Class Yavin4 Jun 2021 #6
What do you think? Hekate Jun 2021 #8
We can't afford billionaires. I_UndergroundPanther Jun 2021 #9
This reminds me of Bernie former9thward Jun 2021 #11
Tax them like Kennedy did. 70% Firestorm49 Jun 2021 #13
Progressive tax rates, strong social safety nets, and comfortable living wages work well enough. hunter Jun 2021 #14
Uh huh... brooklynite Jun 2021 #15
We could pass a law rewarding competent, honest businesspeople who become billionaires. gulliver Jun 2021 #16
Populists need lots and lots of villainous enemies out to get them. betsuni Jun 2021 #19
Making it about the person falls into the trap of the rags-to-riches plucky entrepreneur myth. meadowlander Jun 2021 #20
IMHO, you've given the best response on this issue nuxvomica Jun 2021 #23
No. NT mahatmakanejeeves Jun 2021 #25
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