Thought: I do NOT think that 50% of the worldās billionairesĀ should be women. I think there shouldnāt be any billionairesĀ at all.
So you are saying 0% of the world should be billionaires?
Why shouldnāt their be billionaires? That makes no sense.
Because the existence of billionaires is predicated on the exploitation of human labor and unsustainable environmental harm.Ā 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, andĀ it is inherently immoral to accumulate wealth so narrowly while so much of the world lives in abject poverty.Ā Ā
Better then to create a wealth ceiling, a point at which all wealth over a certain pointĀ 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 arenāt even feasible.Ā
The problem with this is that it reduces the incentive to actually do fiscally well. Whatās the point of starting a business if you canāt become wealthy?
There is a very real difference between āreasonably wealthyā and A BILLIONAIRE
No one is saying you shouldnāt 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.
Iāll never understand why this concept is hard for people. I think itās because they canāt actually fathom how much $1 Billion is.
Seriously.
Letās 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.
You could buy every expensive thing in the world 5 times over and still have millions of dollars. Billionaires shouldnāt exist when most of their employees are barely living.
