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I was thinking about this in the context of wealth inequality and the "existence of billionaires". I don't think that the common refrain of simply attempting to
by dools 3y ago
I was thinking about this in the context of wealth inequality and the "existence of billionaires". I don't think that the common refrain of simply attempting to "tax billionaires out of existence" is functional or reasonable. People work hard, then they hit a really good idea and their company sky rockets in value. The notion that there is no ethical way to become a billionaire and that somehow all billionaires are inherently evil is, to me, very naive.
However, Elon Musk shouldn't exist. So how do we stop that? My proposal is a cap on revenue per employee before a company must go public, and a cap on individual ownership of any company. So for example maximum $5m per employee revenue before you have to list, then a single person or entity can own at most 10% of a company.
This means once you hit that figure, you have to list the company and cash out, and let other people step in and take not only responsibility but also share the revenue and ownership more equitably.
- javajosh 3y agoThat's great! It sounds like we're on the same wavelength.