3 ms·

We need a concentration of money in order to make progress. But yes, we should also make sure that everybody can benefit from it.

• GolfPopper 11mo ago
  >We need a concentration of money in order to make progress. ...in the concentration of money. "The handful of benevolent god-kings will be nice to people" is not a model for a decent future.
  • amelius 11mo ago
    You mean we need a stronger government?
    • _DeadFred_ 11mo ago
      The creators/thought leader of Capitalism all said it was a necessary part of having a functioning Capitalist system. So yes? Unless you want to change systems to something else?
    • GolfPopper 11mo ago
      I mean that America would be better off with a government that discourages god-kings instead of enabling them.
      • amelius 11mo ago
        Sure, but how do you think that can be accomplished?
        • joquarky 11mo ago
          Wealth begets wealth in a positive feedback loop. How do we typically deal with positive feedback?
          • amelius 11mo ago
            You can suggest to tax wealth, but how are you going to get it implemented?
• _DeadFred_ 11mo ago
  If you are concentrating money in a way you exercise control of, then that money has been realized. If your 'concentration' of money is from loans on stocks, then those stocks value HAS BEEN REALIZED for your benefit, and you should be taxed on your REALIZED gains (you have benefited in the REAL world from the GAINS on your stocks value). I don't have a problem with concentration of money. I have a problem with playing the game that the concentration of money doesn't actually exist yet and shouldn't be taxed.