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Cool, I didn’t suggest that and the downvoting by the community at even hinting that being an ultra rich oligarch is kinda what I was referencing in my other co
by lovich 1y ago
Cool, I didn’t suggest that and the downvoting by the community at even hinting that being an ultra rich oligarch is kinda what I was referencing in my other comment.
From a purely pro capitalistic view, you should treat the regular occurrence of billionaire creation(adjust this for inflation when a billion doesn’t sound big anymore) as a sign that you have market inefficiencies.
If you have a billion dollars from your business, why didn’t other players enter your market back when you were only making 10s of millions of dollars in profit?
You obviously have a profitable business, and other people like money too. Something in your market is preventing competition and if you want growth, which I have been told all around that we do want and this is why we adopted capitalism, then the market inefficiency should be identified and removed.
That may come in the form of taxation, but it may also come in the form of regulations that improve the market