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Money is too limited of a lens. The wealth of billionaires is mostly in things like company ownership. Imagine for a minute that Musk could somehow made be wor
by dale_glass 2y ago
Money is too limited of a lens.
The wealth of billionaires is mostly in things like company ownership. Imagine for a minute that Musk could somehow made be worth only $1M. He's still where he is, he just doesn't have billions worth of shares to sell.
Does that solve any problems?
I don't think that it solves much, no. He might not have billions' worth himself anymore, but he's still in control of huge companies. So rather than giving millions as direct political donations he could do things like hiring people as a favor or promising to build a factory here or there. His ability to wield political influence wouldn't change much it'd just take a bit more work.
So I think "no billionaires" isn't nearly enough, you need to somehow transition to some system where there can't be a person (or just a few) on top of a multi-billion company.