The Two Tend To Go Together, Can't Help With Wealth Hoarders

21

u/-MasterCrander- Nov 29 '22 edited Nov 29 '22

Why not resent them for their money also? Is this some kind of 'not all billionaires'? If you have <1M, you are me. If you have 1M<x<500M, you're rich, nice play. If you have 500M<x<999M, check your shoulders and act right, we got eyes on.

There are no ethical billionaires and thus they should not exist. If a billionaire decides to give it away continually so they are not a billionaire, fair enough - don't be shitty so that can be the whole deal. If a billionaire decides to continue hoarding money and resources, and our society still operates on money, they will be eaten summarily.

As long as we use coupons for power and food, those who hoard those coupons will be treated the same as hoarders of the resource themselves.

0

u/labree0 Nov 30 '22

If you have 1M<x<500M, you're rich, nice play. If you have 500M<x<999M, check your shoulders and act right, we got eyes on.

seems kind of arbitrary.

if you ask me, disregarding housing as it should really be a guaranteed utility, if you have more than a million in net worth you should just be hard capped.

i mean, if not in a house, what are you doing? Owning multiple super cars? sailng super yachts?

in what universe is it okay for people to actually own and sail yachts worth hundreds of millions when there are starving people in the world? for people to not be able to see the harm done and go "Okay, i can take a step back, have all of this money i dont need" just screams greed.

1

u/-MasterCrander- Nov 30 '22

Sure it is, but it's something to start with. First step, no billionaires. This will start the process of wealth inequality. After that, we continue shaping our society so that everyone has what they need and those with the most contribute the most.

And while I agree that nobody needs more than 1M if even that much, it's a much harder sell for anyone over 1M to be capped immediately. I hate that incremental change is necessary, but it is. People are only just starting to come around to the 'fuck billionaires' mentality. It will be ineffective to push for such a low bar right now. Especially when considering how many people don't see themselves as poor, just temporarily embarrassed millionaires.

11

u/Sunflower_After_Dark Nov 29 '22

What’s even stranger is that if all the billionaires fell off the Earth tomorrow, other than their beneficiaries, who’d care?

17

u/brewercycle Nov 29 '22

Remember a few years ago when Musk tweeted something like, "If you want us [billionaires] to pay taxes, we can just leave."

And every single reply was some variation of, "If you're not contributing your fair share, what's the point of having you here?"

Yeah.

Also, considering all the layoffs at Twitter since he stupidly paid way too much for it, I don't think the argument "billionaires are job creators" holds water anymore.

7

u/AncientBellybutton Nov 30 '22 edited Nov 30 '22

Society will exist without Elon Musk. If he died tomorrow, society would not notice his absence.

Elon Musk cannot exist without society. If society vanished tomorrow, his vast wealth would be worthless and useless.

He needs us...but we don't need him.

3

u/Sunflower_After_Dark Nov 30 '22

True with all wealth hoarders.

6

u/RGM81 Nov 30 '22

Just for the record, I do resent them for their money. To accumulate and hoard that level of wealth is a moral failing. Yes the entitlement that goes with it is also galling. But the fact that you have the obscene level of wealth to make such a massive impact on your community and influence the public good, and choose not to…I resent you.

4

u/Dolphin_Spotter Nov 29 '22

No it's the money.

8

u/NightChime Nov 29 '22

If they truly did add billions of value to the world by their own direct work and contributions, I would be fine with it. Aside from that scenario being impossible.

13

u/Moms4Crack Nov 29 '22

Elon Musk made me a communist. (And Bezos, and Thiel, etc. ) I believe in a wealth tax of 110% of any accrued wealth valued over $990,000,000. No more billionaires. Corporate death penalty for corporate malfeasance - assets seized and used to pay victims. Major shareholders, board of directors, CEO penalized in proportion to stake up to execution PLUS forfeiture of ALL assets. No inheritance of more than $10,000,000. Nuclear annihilation for countries that facilitate circumvention. Just very, very sick of the rich.

1

u/PM_ME_GLUTE_SPREAD Nov 30 '22

I would say how I feel we should deal with billionaires that profit off of other peoples misery (like jacking the price of insulin), but I think Reddit would end up shadowbanning me if I did.

1

u/labree0 Nov 30 '22

that last line i disagree with

the rest of it... maybe.

1

u/Moms4Crack Nov 30 '22

Can I please just nuke Davos, please please, pretty please

4

u/Socially-Awkward-85 Nov 29 '22

yOu'Re juSt JeAlouS...

No, we're fucking hurting for no better reason that people are able to hoard resources on a planet with FINITE FUCKING RESOURCES!!!

2

u/PrismoBF Nov 29 '22

You gotta have a grossly disturbing sense of entitlement and basic lack of empathy to hoard that much wealth for yourself

1

u/PolyAndPolygons Nov 30 '22

Not only hoarding, just the fact that they do not improve life on this planet. No reason why in 2022 we still live like this.

1

u/jbertrand_sr Nov 29 '22

When everything you could possibly want is not enough...

1

u/AncientBellybutton Nov 30 '22

If a billion dollars (and everything it buys) doesnt makes you happy, you may as well kill yourself, because nothing will ever make you happy.

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u/RocketR3 Nov 30 '22

Most billionaires don't get a paycheck in the traditional sense. Instead, they get stocks from their company. So, to get the fair share, you would either have to increase taxes on businesses, which may potentially cause layoffs (Plus, with how many loopholes there are in the tax code, they can find workarounds, or move their company if it gets to an area with cheaper taxes if it gets too expensive), or force billionaires to sell their stock to collect the taxes off of that, which would give government unprecedented power never seen before.

The value billionaires usually give to society is through their companies. For example, Elon Musk is a billionaire. Although he doesn't pay his fair share in taxes, his company provided Tesla to the world as an option for those who want to get electric cars. However, billionaires will only further invest in their companies if there is demand. So, a clever way to get more benefits from billionaires is to lower taxes on ordinary citizens so they can buy more items from said companies. Then billionaires will invest more in their companies, thus increasing the workforce and the benefit brought by billionaires through their companies.

1

u/wildskater96 Nov 30 '22

Except didn't we or tax payers help him get where he's at? https://www.businessinsider.com/elon-musk-list-government-subsidies-tesla-billions-spacex-solarcity-2021-12

1

u/RocketR3 Nov 30 '22

True that, but subsidies go to many other institutions as well, like schools.

Do you support subsidies in general or only support them for specific institutions only, like schools and hospitals?

1

u/wildskater96 Nov 30 '22

The value billionaires usually give to society is through their companies. For example, Elon Musk is a billionaire. Although he doesn't pay his fair share in taxes, his company provided Tesla to the world as an option for those who want to get electric cars.

I don't mind subsidies but statements like this one you made are what I do have a problem with. Just because a company provides anything to the country or citizens, doesn't mean they should get any special treatment if you ask me.

1

u/RocketR3 Nov 30 '22

Special treatment, meaning subsidies? If so, I do agree that Tesla doesn't need subsidies. I think subsidies are important to get an industry to become independent, but subsidies shouldn't be a long-term thing.