• gusgalarnyk@lemmy.world
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    21 days ago

    Every country should implement laws that fundamentally ban and prevent multi-millionnaires from existing. They are bad for democracy and they are bad for society.

    Last I heard the value was like 10 million or 20 million. Anything over that should be taxed at 100% or prevented in the first place.

    • Zacryon@feddit.org
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      21 days ago

      They’re also bad for the climate.

      I wonder whether they’re also bad for economy since they’re just sitting on the money instead of keeping it in motion.

      • gusgalarnyk@lemmy.world
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        21 days ago

        I would argue “the economy” can be a term to abstract away from the bottom line, the actual desirable outcomes. That’s housing for everyone, that’s good education, that’s thriving salaries. Given that every dollar given to a millionaire is a dollar not given to someone who needs it (assuming correctly that every society has people below the thriving line) then they are bad for the economy by definition.

        • trollercoaster@sh.itjust.works
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          21 days ago

          The problem is that in the mostly used narrative, “the Economy™” is just one figure: The GDP. That’s how we got to systematically making the rich richer at everyone else’s expense in order to have a “good economy”.

      • Lemmchen@feddit.org
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        21 days ago

        Huh? Do you think billionaires just sit on their money? I’d guess they are nearly 100% invested nearly 100% of the time.