Ive often seen individuals on the left talking about how billionares shouldnt exist etc., but when probed on how that could be accomplished the answer is usually just taxes or guillotines. I dont think either is great.
What if instead, corporations were made to be unable to be sold or owned. Initially theyre made to default to popular election for their board, and after that they can set up a charter or adopt a standard one, ratified by majority vote of their employees.
Bank collapse would probably follow, how could that be remedied? Maybe match the banks invalidated stocks with bonds?
So what incentive is there to start a company? Who funds it? People are expected to start a company, take all the financial risk, for what exactly?
People being billionaires is not the issue people like to think it is. Public servants becoming millionaires by trading and taking bribes/kickbacks and cushy jobs upon leaving politics is the problem.
Billionaires are definitely a problem. Corrupt public servants are also a problem. We can admit there is more than one problem.
I don’t think outlawing the existence of stocks fixes things though.
Billionaires aren’t a problem though. Corrupt politicians being bought by billionaires is a corrupt politician problem, not a billionaire problem.
What problems do billionaires cause by themselves, not via influencing people who shouldn’t be influenced?
The obscene concentration of wealth is bad for the stability of the country. The existence of billionaires is a policy failure. And there’s no world where they exist without them being able to influence politicians, rules against it or not. You can’t just exclude one of the biggest drawbacks of their existence from criticism
So you agree the problem is really politician corruption, not billionaires.
Blatantly, no. Learn to read. Holy shit