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Once you've made 100 million dollars or more, there's literally no justification for you to be allowed to keep piling up money in your safe. I absolutely suppo
by brabel 5y ago
Once you've made 100 million dollars or more, there's literally no justification for you to be allowed to keep piling up money in your safe.
I absolutely support taxing 90% on any earnings above a ridiculous threshold like that, that no one really deserves, not matter how smart or hard working, while people who happened to be born under different circumstances and might work their ass off for their whole life won't get even a tiny percentage of that no matter how hard they try.
Do you think Elon Musk or Jeff Bezos deserve wealth literally thousands of times bigger than anyone you've probably ever known personally (and I am assuming HN readers tend to know a lot of smart, incredibly hard-working people - but even they won't make a tiny fraction of a billion in their whole lives)?
If you think there needs to be an incentive for people to put in hard work into something, I would say that you just need to look at open source. People will put insane amounts of work with basically zero chance of getting anything back in return monetarily. All they want is some respect and acknowledgement of their abilities - it's enough for most of the really smart people (who can make enough money on other activities without having to amass billions to be happy).