this post was submitted on 30 Sep 2023
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Yes, but capitalism isn't failing: billionaires ARE capitalism
Because it is unstable. It is much easier to disrupt the system than to balance it in a stable-like state against it's nature. Capitalism has gotten out of hand and will collapse sooner or later. And no: I am not a pessimist
It's quite easy to get rid of billionaires (raise taxes, they will move away), but it's a question whether it is really beneficial for the country.
they are free people. They can leave at any time. But the money and capital they own in the country must stay in the country.
Easy to say, difficult to do in practice.
Oh easy to do in practice, hard to do with politicians choosing what happens though.
You sound like you're one of the "temporarily embarrassed millionaires" who doesn't understand that he's being defrauded.
You're a hooker thinking she's actually the pimp.
Sure, we (that includes you!) are extorted into giving wealth to people who contribute nothing to society, but criticizing this is jealousy.
Just like slaves were just jealous of their masters, right?
To be slightly less cynical: look up how many empty houses/apartments there are in your country and then look how many homeless people there are. Chances are, the first number is larger. And now ask yourself: is that sane?
Or even more basic: why are we Westerners fattening, while other people are starving? Because there are some very rich people who profit from that situation.
BTW: you're oversimplifying the solution, to just "removing" billionaires. I assume, you're doing that out of mental laziness, and not stupidity. That interpretation, while being very literal, is an attempt to divert the discussion, a straw man. What is meant here is, changing the economic situation in such a way, that billionaires can't even exist. No one should be able to accumulate that much wealth, especially not if that wealth is purely extractive.
Living up to your name. Keep it up, friend!