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> However, rich people don't tend to keep cash in a vault. Most of them own companies or land etc. exactly. Which is the problem. You seem to actually have all
by voidhorse 1y ago
> However, rich people don't tend to keep cash in a vault. Most of them own companies or land etc.
exactly. Which is the problem. You seem to actually have all the ingredients to be able to understand why this is a problem, but some kind of sympathy for the rich (lol) seems to prevent you from actually using logic to see the problem.
- eru 1y agoSorry, I don't understand what problem you are seeing from people owning shares in eg publicly traded companies.
- surgical_fire 1y agoNot a problem. But above a certain threshold it should be considered taxable wealth too.
- voidhorse 1y agoDon't be silly. Smoking one cigarette is generally not problematic. Smoking thousands will tend to give you lung cancer. Nobody is arguing that people shouldn't own stocks. People are arguing that asset concentration taken to extremes is like smoking too many cigs: so enough and you force bad outcomes on society and the economic system.