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Yes, taxes should effectively impose a cap on wealth, reaching 99% tax rate at some point (certainly, when you're in the billions). If a founder decides to mov
by khazhou 9y ago
Yes, taxes should effectively impose a cap on wealth, reaching 99% tax rate at some point (certainly, when you're in the billions). If a founder decides to move on because he can no longer earn a billion... well, we as a society will just have to live with that tragic loss of leadership, and hope that somebody will be brave enough to take over.
Also, I'm not confused about people agreeing to their compensation terms. That's true and not the issue, any more than royalty was "ok" because for many hundreds of years, people were ok with it.
There's a funnel that leads to one human being having over 75-million times more than another. We tolerate this today. And here in the tech world, we make apologies for it (even while many still manage to scoff at Wall St)
- thatswrong0 9y agoThe difference is that people voluntarily agreed to the terms of compensation with Facebook.. the same can’t be said of people who deal with royalty existing in their society. People may have been ok with it, but they didn’t have a choice. Your whole argument seems to come from the viewpoint that wealth is zero-sum.. when it so obviously isn’t.