I may or may not be any number of unfathomable beings.

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Cake day: June 8th, 2023

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  • skulblaka@sh.itjust.workstomemes@lemmy.world*Permanently Deleted*
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    3 months ago

    Essentially yes. The ethical thing to do with that amount of money is to redistribute it to people that need it more. Whether that is by donation to charity, or raising wages and investing in worker protections in the company that you run, or funding schools and development in places that need them, or paying your fair share of taxes, emphasis here because most billionaires got that way by lobbying tax code in their favor - they’ve reached a level of net worth that genuinely boggles the mind and couldn’t be wasted in full in a dozen lifetimes if you tried to.

    I’m fine with people being wealthy, keep a million in your bank account, hell keep ten million, I don’t care. But there needs to be a line somewhere. There needs to be a point where we can say, okay, well done, you have Won At Capitalism. Here is your medal. All further profits are taxed at 99% income. We cannot let individuals amass so much of the supply of money that the nation can no longer support itself, which is what’s happening. Money is the life blood of society and all that blood is being concentrated in particular spots, starving the rest of the body. Money needs to flow to create a healthy economy, but it’s stagnating.


  • And lo and behold, the greatest period of prosperity in American history. In the 80s, Ronald Reagan cranks it all the way down to 25%. One two skip a few, now we live in a corpo hellstate where no one can afford anything except the nobility who live in a state of extravagant grandeur many exponents removed from the common man. The correlations are obvious.

    High percentage high tax brackets are not the single cure-all silver bullet for all of America’s woes, but it gets us pretty damn close.