2 ms·
>> I've thought for years that we should place at hard cap on wealth somewhere around $10 or $15 million Do you think your standard of living under such a syst
by rufus_foreman 3y ago
>> I've thought for years that we should place at hard cap on wealth somewhere around $10 or $15 million
Do you think your standard of living under such a system would be lower, the same, or higher than it is now?
I think it would be much lower. I think most people will stop working when they stop getting paid. Some I guess would spend money as fast as they make it on experiences and services and other things that don't increase wealth. But I think many people who would in the current system have gone on to create billions in wealth would stop at $10 million and say, "OK I hit the number, moving on to the next challenge".
- vacuity 3y agoEven if that's true, I think a lot of people have a long way to go before reaching $10 million in wealth, and there always would be, so it's not like there are just a few "chosen ones" who could do so much more if they were motivated to earn $1 billion, and society will suffer otherwise.
- vonjuice 3y ago> Do you think your standard of living under such a system would be lower, the same, or higher than it is now? that would probably depend on whether you're being exploited by the current system Imagine looking at a group of slave owners and slaves and asking a similar question with regards to ending slavery, and being all like "well let's hear both sides".
- gottorf 3y agoI fail to see the relation between people participating in an economy based on a voluntary exchange of goods and services and slavery.
- vonjuice 3y agoThere's people participating in that economy benefiting from people in other countries being exploited in order for those participants to get cheap products.