Thought: I do NOT think that 50% of the world’s billionaires should be women. I think there shouldn’t be any billionaires at all.
So you are saying 0% of the world should be billionaires?
Why shouldn’t their be billionaires? That makes no sense.
Because the existence of billionaires is predicated on the exploitation of human labor and unsustainable environmental harm. That level of wealth hoarding is harmful to economies, as it reduces the amount of money in circulation. No one person, no family, could ever conceivably even SPEND a billion dollars anyway, and it is inherently immoral to accumulate wealth so narrowly while so much of the world lives in abject poverty.
Better then to create a wealth ceiling, a point at which all wealth over a certain point is taxed at or very near 100% to incentivize people to actually spend their money rather than hoard it, stimulating the economy and bettering the lives of far more people. Better even still to create and regulate economic systems that protect workers and the environment in a way that such extreme levels of wealth accumulation aren’t even feasible.
The problem with this is that it reduces the incentive to actually do fiscally well. What’s the point of starting a business if you can’t become wealthy?
There is a very real difference between “reasonably wealthy” and A BILLIONAIRE
No one is saying you shouldn’t have a nice house, we are saying that having multiple really, really ridiculously nice houses while your employees are either homeless or at serious risk of becoming homeless is immoral.
I’ll never understand why this concept is hard for people. I think it’s because they can’t actually fathom how much $1 Billion is.
Seriously.
Let’s say you have a badass job. A great job. You make $100 AN HOUR. You work 10 hours a day ($1000 A DAY), 5 days a week ($5000 a week!!!), every week ($20,000 A MONTH), thats $240,000 Every Year.
It would take you 4,167 years to make a billion dollars.
Yeah I think people seriously just don’t understand how big a billion is. There is literally no reason a single human could ever possibly need a billion dollars, and there is no conceivable way for a single human to “earn” a billion dollars. You can ONLY get a billion dollars by accumulating money from thousands of other laborers beneath you, all of whom deserve to share that wealth. It shouldn’t be legal to be able to decide your own salary with no limitations whatsoever. When you have the power to increase your own pay you should be REQUIRED to increase the pay of every single person you employ along with it, down to the last toilet scrubber. No exceptions. There isn’t a single ethical billionaire that ever lived and there never will be.
So you mean to tell me if one of you started a business, worked hard, busted your ass day in and day out, rightfully earned success and weath, that YOU shouldn’t receive the money you’ve earned? Even if the money you’ve earned is in the billions? Just because someone on Tumblr says so? I hate capitalism more than the next person, but if someone rightfully works towards success and wealth, who am I to say what they spend their money on? Who am I to say that they shouldn’t have the money THAT THEY HAVE WORKED HARD TOWARDS.
The only way to accumulate $1,000,000,000+ is through exploitation of both workers and the environment.
@velveteen–daydreams - in your hypothetical, does this person not have any employees? No one to provide them services (such as cleaning and delivery)?Friends/family that have helped them achieve their goals and dreams? Do they live in a microcosm where nothing they do has a negative effect on the people around them or the environment?
The only way to accumulate $1,000,000,000+ is through exploitation of both workers and the environment.
So what’s your suggestion? That goes for anyone who’s willing to answer. What’s your solution to this problem? What are all of you going to do to change this?
-points to me second reply on this exact thread-
Better then to create a wealth ceiling, a point at which all wealth over a certain point is taxed at or very near 100% to incentivize people to actually spend their money rather than hoard it, stimulating the economy and bettering the lives of far more people. Better even still to create and regulate economic systems that protect workers and the environment in a way that such extreme levels of wealth accumulation aren’t even feasible.
