this post was submitted on 20 Apr 2024
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Almost every problem in the world would be dealt with meaningfully if we outlawed billionaires. (lemmy.ca)
submitted 7 months ago* (last edited 7 months ago) by [email protected] to c/showerthoughts
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Everytime I look at small problems or big global problems, if you follow the money trail, it all leads to some billionaire who is either working towards increasing their wealth or protecting their wealth from decreasing.

Everything from politics, climate change, workers rights, democratic government, technology, land rights, human rights can all be rendered down to people fighting another group of people who defend the rights of a billionaire to keep their wealth or to expand their control.

If humanity got rid of or outlawed the notion of any one individual owning far too much money than they could ever possibly spend in a lifetime, we could free up so much wealth and energy to do other things like save ourselves from climate change.

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[–] [email protected] 2 points 1 month ago

There is a truism. Will have to come back and give the original quotation author, but it's

"Only poor people pay taxes."

Rich people have the resources to evade and skirt around any tax legislation which they are supposed to be captured within. Most of them use the corporation as holders of wealth of which they have control.

Corporate taxes are almost always lower than personal taxes for that reason.

Banning billionaires is as likely to succeed as veganism.