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Maybe I'm a pessimist but I don't think it's as possible as you do. The money taken from billionaires/millionaires would eventually dry up. Also, with the incen

Maybe I'm a pessimist but I don't think it's as possible as you do. The money taken from billionaires/millionaires would eventually dry up. Also, with the incentive to acrue wealth removed, bank accounts are not a renewable resource. Simply too many mouths to feed worldwide. Does that mean don't try anything? Of course not. Life isn't black and white. I don't believe involuntary taking from those who have to give to those who do not is a sustainable plan. Rather, somehow incentivize those who have to help voluntarily. My suggestion: more proliferation of employee-owned companies.

reallydude 7y ago
> The money taken from billionaires/millionaires would eventually dry up. The Pareto principle remains. Wealth is measured. Ergo, there will always be people who maintain a network of wealth that far exceeds the norm.
cbanek 7y ago
> Also, with the incentive to accrue wealth removed, bank accounts are not a renewable resource. I don't think that people will stop trying to accrue wealth, it's more likely they will just do more to get around whatever regulations you propose. For example, Ireland and tech companies.
munk-a 7y ago
Except that wealth is quite sticky in the modern world - when you have wealth it's trivial to retain and grow it, it is hard to acquire. I'd prefer to see a silly non-sense good for parting fools from their wealth, like BMWs and Lambos or the custom cars that run up to a few million a luxury car is a great way to attach a big price tag, get the rich's money - and not deprive anyone of anything useful.
TaylorAlexander 7y ago
I’m not sure if you’re replying to me, but I’m not advocating for taking money from millionaires and billionaires really. I mean that may be part of an effective strategy but I’m talking about building a world where regular people no longer have to work for billionaires whose pockets those working people are constantly filling via their labor. If the people worked for themselves in a collective model, there wouldn’t be a person at the top skimming all the wealth off the business. I want to make billionaires obsolete.

reallydude 7y ago

> The money taken from billionaires/millionaires would eventually dry up. The Pareto principle remains. Wealth is measured. Ergo, there will always be people who maintain a network of wealth that far exceeds the norm.

cbanek 7y ago

> Also, with the incentive to accrue wealth removed, bank accounts are not a renewable resource. I don't think that people will stop trying to accrue wealth, it's more likely they will just do more to get around whatever regulations you propose. For example, Ireland and tech companies.

munk-a 7y ago

Except that wealth is quite sticky in the modern world - when you have wealth it's trivial to retain and grow it, it is hard to acquire. I'd prefer to see a silly non-sense good for parting fools from their wealth, like BMWs and Lambos or the custom cars that run up to a few million a luxury car is a great way to attach a big price tag, get the rich's money - and not deprive anyone of anything useful.

TaylorAlexander 7y ago

I’m not sure if you’re replying to me, but I’m not advocating for taking money from millionaires and billionaires really. I mean that may be part of an effective strategy but I’m talking about building a world where regular people no longer have to work for billionaires whose pockets those working people are constantly filling via their labor. If the people worked for themselves in a collective model, there wouldn’t be a person at the top skimming all the wealth off the business. I want to make billionaires obsolete.