Billionaires shouldn’t exist. Everything after $999,999,999 should be taxed 100%. There is absolutely no reason for anyone to ever have a billion dollars. All that tax could pay for universal health care, free education, ending hunger, and homelessness. Billionaires are the problem.
Do billionaires actually have billions of dollars cash?
Everything after $999,999,999 should be taxed 100%.
This implies it’s income, although if it’s taken as assets + unrealized gains then that would be very cool. Each year, anyone with cash + assets over $999,999,999 will get a bill from the IRS for the entirety of the overage. That would put sell pressure on real estate and stocks while funding (hopefully) social programs. Sounds like a good solution.
So, no corporations and no individual wealth? Who owns a factory or a datacenter? These are fantastically expensive things. A chip foundry cannot exist under these conditions.
It could be owned by, like, multiple people? Also, a lot of companies in the world, and especially the ones managing costly infrastructure assets, are owned by states (which are a form of “multiple people”).
In those situations what do the workers that have no interest in owning the means of production do? Like, if you just want to do your job and go home, is there still room for you under that system? Or does it require active participation from every worker?
Abolish corporations
So only billionaires can own any type of the means of production? This is an exceptionally dumb take.
Billionaires shouldn’t exist. Everything after $999,999,999 should be taxed 100%. There is absolutely no reason for anyone to ever have a billion dollars. All that tax could pay for universal health care, free education, ending hunger, and homelessness. Billionaires are the problem.
Do billionaires actually have billions of dollars cash?
This implies it’s income, although if it’s taken as assets + unrealized gains then that would be very cool. Each year, anyone with cash + assets over $999,999,999 will get a bill from the IRS for the entirety of the overage. That would put sell pressure on real estate and stocks while funding (hopefully) social programs. Sounds like a good solution.
That, and a land tax
So, no corporations and no individual wealth? Who owns a factory or a datacenter? These are fantastically expensive things. A chip foundry cannot exist under these conditions.
I don’t think you have a strong enough concept of large numbers to be able to hold a respectable opinion here.
Lmao brutal, but -1 for ad hominem.
You didn’t answer the question though.
It could be owned by, like, multiple people? Also, a lot of companies in the world, and especially the ones managing costly infrastructure assets, are owned by states (which are a form of “multiple people”).
Multiple people working together with 1 goal? Like a … Company?
Yes, a company which shares the results of it’s efforts between all involved and not one person or family.
Workers own the factory. Collectively. Through democratic process of any variety.
In those situations what do the workers that have no interest in owning the means of production do? Like, if you just want to do your job and go home, is there still room for you under that system? Or does it require active participation from every worker?