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 8 months ago* (last edited 8 months ago) by ininewcrow@lemmy.ca to c/showerthoughts@lemmy.world
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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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[–] ininewcrow@lemmy.ca 0 points 8 months ago* (last edited 8 months ago)

There wouldn't be an immediate law to just have a roving gang of enforcers knock down a billionaire's door and send them to jail .... that is just wishful thinking.

Billionaire's would still continue to exist except that anything beyond a certain level of wealth is just taxed either completely or near fully. It would remove the incentive for anyone to own or gain billions of dollars. And it wouldn't occur immediately, it would take years, decades or even lifetimes to make a difference.