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> Billionaires are a very small group. There is far more wealth held by people with assets of, say, over £100m, or even £10m? Which is precisely why we can't '
by bluescrn 11mo ago
> Billionaires are a very small group. There is far more wealth held by people with assets of, say, over £100m, or even £10m?
Which is precisely why we can't 'eliminate billionaires'.
Because before long it's a push for full-on communism, and even owning £100k is too much.
And unless you can destroy capitalism on a global scale, there'll always be countries eager to take in very wealthy people.
- graemep 11mo ago> Because before long it's a push for full-on communism, and even owning £100k is too much. Why? It does not follow at all. > And unless you can destroy capitalism on a global scale, there'll always be countries eager to take in very wealthy people. So what? Let them take them. There are few consequences of that because non-financial assets are mostly not portable.