3 ms·
> it's too large topic to have a full discussion here. It's not a large topic at all. There's a belief that there should be no upper limit to wealth accumulati
by Supermancho 5y ago
> it's too large topic to have a full discussion here.
It's not a large topic at all. There's a belief that there should be no upper limit to wealth accumulation for an individual. It's nonsensical in extreme cases.
In practice, even the ultra wealthy know to split the wealth over multiple individuals/companies, which provides stability and splits accountability[1]. The IRS failure to audit the wealthy is both a testament to how effective wealth hiding is (making most attempts to curtail it, futile in the short term), but how ingrained the idea of limitless capitalism is with the current US Government as anything but a net-negative.
While the poor eventually try to "eat" the rich, statistically, it's unlikely that any given wealthy individual will be the unlucky one over time. So the idea of uncapped wealth as a virtue persists.
[1] It also introduces wasteage and grifting, to a degree.