Democrats want us to believe that there is some cohort of “good billionaires” who can be relied upon to fight for political progress. But as the right-wing turn of tech billionaires like Mark Zuckerberg and Elon Musk suggests, this is nonsense.
I’m not super concerned with “things” and their value. If a person makes $1b a year and wants to buy a $1b yacht every year then they have a bunch of yachts. The point is that money went back into the economy. Now, if they have 2 and want to sell 2 for $2b all at once… sorry, no. There is a wealth cap.
The issue with Billionaires now is that money isn’t in the economy. The more they hold, the harder it is to get enough.
I think you have exactly the opposite impression of wealth than how it is in reality, then. Billionaires typically have only a tiny amount of their wealth in liquid funds (what you call “holding” money) - most of their wealth is in investments, and hence “in the economy”. So the thing you’re proposing already holds.
The issue with Billionaires now is that money isn’t in the economy.
Again, the baseball card growing in value by $95 took $95 away from no one. No one is deprived of cash in their wallet as a result of another person’s purchase appreciating in value.
Also, their net worth is not cash sitting in a vault, it’s investing into businesses that are running within the economy. It literally all is actively in the economy. You literally can’t become a billionaire without doing that. Saying/implying that billionaires “hoard” wealth is deeply ignorant.
I’m not super concerned with “things” and their value. If a person makes $1b a year and wants to buy a $1b yacht every year then they have a bunch of yachts. The point is that money went back into the economy. Now, if they have 2 and want to sell 2 for $2b all at once… sorry, no. There is a wealth cap.
The issue with Billionaires now is that money isn’t in the economy. The more they hold, the harder it is to get enough.
Greed is a horrible thing.
I think you have exactly the opposite impression of wealth than how it is in reality, then. Billionaires typically have only a tiny amount of their wealth in liquid funds (what you call “holding” money) - most of their wealth is in investments, and hence “in the economy”. So the thing you’re proposing already holds.
Kill them anyway
Again, the baseball card growing in value by $95 took $95 away from no one. No one is deprived of cash in their wallet as a result of another person’s purchase appreciating in value.
Also, their net worth is not cash sitting in a vault, it’s investing into businesses that are running within the economy. It literally all is actively in the economy. You literally can’t become a billionaire without doing that. Saying/implying that billionaires “hoard” wealth is deeply ignorant.
They should still be shot
Grow up.
I am grown. And I can see the filthy rich are bad for humanity.