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Psychopaths
It's why we invented the gulliotine
Asking this question on lemmy is like going to a Linux comm and asking if it's a good idea to switch from windows to Linux. You're preaching (asking?) to the choir.
That said, eat the fucking rich.
Bait used to be believable
They need sanctions proportional to their wealth. And checks and balances. The less they can play the system, the better.
I have no problems with billionaires, in a society where everyone's a millionaire.
A society that allows for such wealth disparity to happen is deeply corrupt. Anyone who not only participates in that society, but voluntarily becomes the cause of such disparity is irreparably morally bankrupt. They are a burden on society, contributing millions of times less than what they take.
That's still a pretty wild wealth gap, though. The difference between one million and one billion is about a billion.
They would serve a greater use to humanity as compost
We need way less of them or way more of them. The wealth gap needs to be closed and I don't care which direction.
Billionaires are a crime against humanity.
I feel like there are billionaires in the world who manage to be rich without damaging society (or being the society).
If there's one example then there's no excuse for all the others to behave the way they do..
If all billionaires are the same then it's past time to question why we have to put up with them
I feel like there are billionaires in the world who manage to be rich without damaging society
You are gonna have to show some examples dawg. Otherwise I am inclined to disagree with you.
It'll take me too long to find an example I'd stand behind so I'd rather comment a condition
Gabe Newell and George Lucas come to mind as relatively innocuous.
- I think wealth should be capped at a few million or tens of millions. Too much wealth hoarding keeps money out of circulation at the consumer spending level, which is bad for the economy in general, especially lower income people.
- Without knowing anything about a person and how they became a billionaire, I have no opinion on them individually. Jumping to conclusions about someone based on the group they belong to (like say, a black guy walking down the street) is bigoted thinking, no matter who the target is.
I've always liked the idea of you can get $999,999,999.99 after that 100% tax rate and you get a plaque that says "Congratulations, you won capitalism"
It depends on the billionaire.
I'll bite, name a decent Billionaire.
Ratan Tata, I guess
But seriously go ahead and pump this into Google Search it works with all of the names mentioned "Ratan Tata misdeeds"
Yeah not in this case, I tried different search engines The guy truly cared about the working class, EVERY Indian can attest to this (Oh & guy passed away recently)
Hell yeah that rat could cook, followed his dreams, and successful demonstrated superior culinary skills, 5 stars great movie.
George Lucas comes to mind as an example this week. Am amazed he's going out of his way to buy back a franchise that almost did him in, all for the fans.
So instead of more evenly distributing the profit from the franchise to everyone who contributed, he's going to hand the wealth to an already obscenely wealthy corporation so that he can have control over it again?
You need to own the franchise first. Unless I misunderstand you.
Where do you think he got his billions?
He owned the IP. He ensured that he'd retain merchandise rights and sequel rights via his contract for the original Star Wars film. He made his billions off of that. Mostly merchandise. Then he sold his company LucasFilm (along with those rights) to Disney in 2012 for a few billion in cash and a few billion in Disney stock (making him one of the largest shareholders).
So yeah, he did own the franchise first.
What's he doing? I'm not seeing anything about him in news.
Disney messed up so bad with Star Wars, especially with The Acolyte, that he's talking about buying back the franchise, something that seems to run counter to his wealth (since he sold it to Disney in the first place) and his patience (considering, say, the reaction to the prequels at the time he had the full helm). It comes off as an entirely popular demand move.
What a great guy he ruined e.t. and Star wars with remakes... Made the movie Howard the Duck. These are all basically war crimes.
He didn't direct E.T. or remade it and didn't remake any of the Star Wars movies. And people are really going to hold Howard the Duck as a personally defining misdeed, aren't they (ignoring that his first associated movie was American Graffiti)? The Star Wars prequels didn't really ruin anything, they just added to it in a way that wasn't as interesting as hoped.
Disney, who bought it all, was the one who made the Star Wars sequels (episodes 7, 8, and 9), that and the various TV series, all of which milked opportunities that did not technically exist, which might be indicated in the fact that the sequels looked almost identical to the original trilogy plot-wise. The thing to remember here is George Lucas is willing to go against his better judgment and his own indulgence so-to-speak to prevent further collapse.
And this is coming from someone who didn't care for any of the movies.
My bad E.T. was Steven Spielberg. They worked so closely I get confused, for example the abomination Indiana Jones "The crystal skull" was directed by S.S. but based on a story by G.L. I didn't care for the remasters of the original Star wars trilogy. Is it because it changed my nostalgia? Highly possible, but han shot first lol. I thought the sequels were cheesy kids movies, but I understand they weren't made for me so I'm not gonna judge.
I don't know him personally but Warren Buffet drives a car he's had for like 15 years, has been married to the same woman for 52 years until she died, and AFAIK still lives in the neighborhood house they bought in the 1950s in Omaha. He's known for philanthropy and outwardly seems decent.
He got a bargain with that publicist for sure. Let's have a look at the berkshire hathaway stocks history. You know what I don't care if you seriously think someone can make a billion dollars on kindness and fair business deals I'm not gonna waste my time.
"He got a bargain with that publicist for sure." What does that even mean? "Let's have a look at the berkshire hathaway stocks history." But then you don't. And finally "I'm not gonna waste my time." LOL too late dude, you've wasted both our time. I won't waste any more of mine reading anything more from you.
Lol cool.
Look at this visualization of how much money Jeff Bezos has, and then tell me that it is reasonable and justifiable.
Not good
I don't eat meat, so I'm not that into eating them. I'd advocate for composting instead
I think they're bad for the economy. Money has to circulate. Every time a billionaire throws another million on the pile, they make things worse for everyone else.
This is a view we don't see often enough. Everybody is into hating billionaires the way teenage girls hate the super-hot cheerleader. All they do is complain that it's not "fair" for somebody to be so rich. There's not enough discussion of the purely mechanical reasons extreme wealth is bad for the economy, not to mention the corruption opportunities it creates. The ultra-rich don't spend their money, they just exchange it to trade big blocks of asset ownership back and forth. None of that money ever gets spent on a loaf of bread or a bus ticket, or a GI Joe with the kung fu grip. It essentially disappears from the economy. I don't think most people even comprehend how that works - it involves more thought than reacting to memes.
I under stand the human desire to compete in wealth as a [genitalia] measuring contest, but there should probably be a cap somewhere...
Maybe a cap at somewhere between 500K and $10Mil, I'm not sure where, but someone else fancy enough to write laws should maybe figure it out... cuz any amount higher kinda make no sense.
Oh and redistribute the excess as a UBI that everyone would get.
I don't like the bandwagon of "kill billionaires". Like why need to kill when we can just seize excess funds that they don't need and redistribute, everyone can just chill.
500k is absurdly low these days to be considered rich. Thats like a house in the midwest, or around half a house in cali
Unless the real estate bubble pops, which I have no faith in happening anytime soon.
I mean like, I said somewhere between 500K to 10Mil. I'm no expert, but maybe someone experienced in the economy would decide where to draw the line.
The guillotines solve for the issue of using hoarded capital to tie up seizures in endless legal proceedings.
I don't hate guillotines, but I'm more afraid of non-rich people getting falsely labeled as collaborators and also getting executed.
Once you start killings, you can't really control who is next in getting killed. I just want to seize assets and call it a day.