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Massive wealth accumulation isn't just about having money to buy things, it's about influence, and entities with the ability to marshal more than x million doll
by mrrrgn 11y ago
Massive wealth accumulation isn't just about having money to buy things, it's about influence, and entities with the ability to marshal more than x million dollars per year (Apple, GOOG, Unicorn LLC) would still need to exist. If your policy became law what would stop people from simply dumping huge sums into businesses/non-profits that they control? I believe capping yearly income would introduce a lot of weird bugs into our system without fixing (m)any real problems.
- ZenoArrow 11y agoWhat's to stop people doing that now (dumping money into corporations and using the corporations as vehicles of political influence)? Strikes me as a separate (but related) bug that already exists. One way to tackle this issue in the political space is to forbid for-profit corporations from funding political lobbying. All funding for lobbying efforts have to come from individuals or not-for-profit organisations.