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What do you think of Warren Buffet, Bill Gates or Elon Musk? It seems to me, that relative to their wealth they spend a negligible amount on themselves. I don't
by mbar84 7y ago
What do you think of Warren Buffet, Bill Gates or Elon Musk? It seems to me, that relative to their wealth they spend a negligible amount on themselves. I don't see them filling garages with luxury cars, building empty palaces, buying frivolous expensive watches etc. In other words, they're not binding up economic resources such that everybody else is materially impoverished. In no way do I see that they are slaughtering us and to the contrary, it seems that they are effectively stewards of the wealth that they have accrued. I don't think it's a horrible system for those that have proven themselves in the past to be good stewards, to continue to be allowed to do so.
Even if I'm wrong about my judgement of any individual or even if these people are not representative, could you think about modifying your position to at least focus on the principle I'm trying to get at: A billionaire who lives like a pauper, should not be treated the same as one who lives like a spoiled prince. You could for example advocate for luxury consumption taxes on mansions, yachts, cars, jewelry etc. rather than taxes on capital.