Let’s say you get to pass a law in the USA that would make it illegal to have more than a billion dollars. How would you formulate this law and what would you expect to happen when it’s passed?
this post was submitted on 20 Apr 2024
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Agreed.
I've worked for a few small business tyrants that did horrible things as well. It's more of a system issue. Billionaires do the most damage of any individuals, but I think it would be pretty similar if CEOs made small amounts of money (the corporations themselves often lobby for their interests), or if there were only small businesses (they'd probably just form national organizations to lobby for their shared interests).
I agree with the idea of compensating someone who worked at managing an organization ... it takes work, talent, education and experience to do that and do it successfully.
What I don't believe is in rewarding leaders who led their organization, business or corporation into ruin while punishing those who worked under them.
The current system rewards and encourages bad immoral behaviour and we wonder why the system is bad and immoral.
Its not the billionaires its that they are not paying back 50% to society.