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Who is going to cap how much a company is allowed to be worth? Or how much of the company you start you are allowed to own? Why should anyone have the power to
by imgabe 4mo ago
Who is going to cap how much a company is allowed to be worth? Or how much of the company you start you are allowed to own? Why should anyone have the power to do that? That is a far more evil power than any billionaire has.
- bluecheese452 4mo ago[flagged]
- seventytwo 4mo agoWe are. All of us. If enough of us agree, we can make any rule we want.
- IcyWindows 4mo agoSo "enough of us" can take anything by forcing the asset to be valued at an artificially high value, force them to sell it for taxes, and then reduce the price down again to keep it ourselves?
- seventytwo 4mo agoYep. That’s how democracy and law work.
- imgabe 4mo agoMob rule is not something to celebrate.
- HauntedDrum 4mo agoHow do you, personally, distinguish between democracy and mob rule?
- imgabe 4mo agoIn the extreme there is no distinction. This is why the US and almost every other democracy are not direct democracies.
- seventytwo 4mo agoThings he wants = democracy Things he doesn’t want = mob rule
- imgabe 4mo agoNo, it's called rule OF law. Not rule BY law. We create a law, like property rights, and we work within that framework. We don't suddenly decide that property rights don't matter any more because someone happens to have stuff we particularly want to take. That's how dictatorships work.
- Alpha3031 4mo agoIt would seem quite an essential liberty for a democratic polity to be able to impose this thing called "taxes". I suppose it's up to you to decide whether that is compatible with the rule of law and property rights.
- imgabe 4mo agoWe already have taxes, the vast majority of which are paid by the wealthy. Taxes are not a cap on allowable net worth. That is a different thing altogether. That is economic suicide.
- Alpha3031 4mo agoMost of the rah rah billionaires shouldn't be allowed people are just proposing a wealth tax from what I've been told. If I'm wrong I'm open to hearing about it.
- 4mo ago