• Phoenixz@lemmy.ca
    link
    fedilink
    English
    arrow-up
    23
    arrow-down
    6
    ·
    3 days ago

    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

    • Ilovethebomb@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      20
      arrow-down
      2
      ·
      3 days ago

      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.

    • anon_8675309@lemmy.world
      link
      fedilink
      English
      arrow-up
      9
      arrow-down
      1
      ·
      3 days ago

      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.

    • RamRabbit@lemmy.world
      link
      fedilink
      English
      arrow-up
      8
      arrow-down
      2
      ·
      edit-2
      3 days ago

      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?

    • iopq@lemmy.world
      link
      fedilink
      English
      arrow-up
      2
      ·
      3 days ago

      My dad’s house that he bought in 2006 is worth over 1 million, how do you tax that