this post was submitted on 20 Apr 2024
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Showerthoughts

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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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[–] Ultragigagigantic 1 points 7 months ago

The other side of the argument is that the change of eliminating billionaires won’t happen overnight. I wish I could pull a switch right now that could drain the bank accounts of billionaires and instantly transfer that wealth to millions of people but it won’t work that way, ever.

I believe switching away from the currency they hold would achieve your desired result. As for the means of production that generates that wealth, just Eminent domain it and give it to a worker co-op as a loam. Probably could be revenue positive given interest and increased taxation from rising working class salaries