One of the reasons I support 95% tax rate on millionaires and billionaires is because extreme wealth makes individuals psychopaths. Not saying they all are, but enough of them are and they literally control everything.
That’s always been my view. It takes a unique kind of shit person to A) squeeze that much money out of everyone below you and B) hoard the wealth rather than give it away even when you have so much more than you will ever need.
I’ve always heard “in oder to be successful you have to be able or willing to do things others can’t or wont”. Global competition and increased technology has pretty well evened out the ability side of that quote leaving behind the other factor of what people are willing to do. I think the biggest decider on what people are willing to do is based on personal morals and ethics, so a person more willing to ignore ethics has a better chance of becoming successful. This is supported by statistics that show corporate executives and politicians exibiting psychopathic traits at higher rates than the general population. The only way I can think of to correct this is to have regulations on ethics, which is why I whole-heartedly support the CFPB and despise Republicans who try to shut it down.
One of the reasons I support 95% tax rate on millionaires and billionaires is because extreme wealth makes individuals psychopaths. Not saying they all are, but enough of them are and they literally control everything.
Maybe you just need to be a psychopath to hoard such massive amounts of wealth in the first place.
Either way, it doesn’t hurt to tax the shit out of them.
That’s always been my view. It takes a unique kind of shit person to A) squeeze that much money out of everyone below you and B) hoard the wealth rather than give it away even when you have so much more than you will ever need.
And C) continue in the pursuit of wealth rather than fucking off and just enjoying life with your fortune.
This is what Tom did after selling Myspace.
I’ve always heard “in oder to be successful you have to be able or willing to do things others can’t or wont”. Global competition and increased technology has pretty well evened out the ability side of that quote leaving behind the other factor of what people are willing to do. I think the biggest decider on what people are willing to do is based on personal morals and ethics, so a person more willing to ignore ethics has a better chance of becoming successful. This is supported by statistics that show corporate executives and politicians exibiting psychopathic traits at higher rates than the general population. The only way I can think of to correct this is to have regulations on ethics, which is why I whole-heartedly support the CFPB and despise Republicans who try to shut it down.