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I never expected to go viral just for saying billionaires shouldn’t exist
- Bostonian 7y ago"A tiny percentage of people have become super rich at the expense of everyone else." The economy is not a zero-sum game. If someone continue to work and invest after reaching $100 million, and goes on to billionaire status, that's better for society than if he or she stopped working and spent huge amounts each year. Roger Federer's net worth is estimated to be $450 million. At age 38 he is still giving his all on the tennis court. Why should we impose a confiscatory tax rate on him and dissuade him from playing?
- bediger4000 7y agoHumans are not perfectly rational. Why should we dissuade 99% of the population from doing their best so that 1% can be millionaires?
- Bostonian 7y agoHow is not raising taxes on 1% dissuading 99% from not doing their best?
- ddingus 7y agoFlat out, what is worth what? Hate to be brutal, but in these times, it makes sense to do. In the US, for example, a solid, universal health care system adds way more value to human lives than any tennis match greatness ever would. Besides, he would still nail it for other amounts of money. And if he would not? No big loss. Poll it.
- trcarney 7y ago"People only become billionaires because successive governments have organised our economic system, from taxes to property law to rights at work, to benefit the rich – often at the expense of the poor" I don't see how so many people have this argument and think the answer is more government interventions in the economy. If you really think rich people are only rich because of the economy the government created, shouldn't the rational conclusion be that the government shouldn't be involved in the economy, free markets.