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There's a pretty long jump from banning billionaires to capping monthly salaries at 500 dollars. Nobody makes billions by "earning more than you", they make it
by Grustaf 4y ago
There's a pretty long jump from banning billionaires to capping monthly salaries at 500 dollars.
Nobody makes billions by "earning more than you", they make it my owning companies, or funds, so this has nothing to do with salaries.
But the fact is that the existence of billionaires hurts everyone, especially in poor countries, but also definitely in the US. Now I'm not talking about the ethics of some people wallowing in wealth why others are starving, the biggest problem is that when you reach a certain level of wealth you can start influencing, or even controlling, public policy. This obviously has the effect that public funds are diverted away from the public into their pockets. In the third world this process is quite direct, in the rich world it's more about enacting policies that benefit these oligarchs, at the expense of everyone else.
This is a huge problem.