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In reply to the discussion: Agree or disagree? [View all]paleotn
(17,911 posts)22. Agreed.
The opposite has been tried. Due a complete misunderstanding of basic human nature, it failed miserably. We need wealth and the pursuit thereof. Given human nature, it's the fuel that drives an innovative society. But wealth and the wealthy are like fire. Controlled, it keeps us warm. Uncontrolled, like 21st century America, it will eventually burn the house down. The real question in my mind is control. What and how much. Tax policy is a good place to start. Getting rid of Citizens United is another.
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Agree with sentiment, but doubt any billionaire or group of them could end hunger, homelessness,
Hoyt
May 2021
#5
There are 614 billionaires in America x 3 I think that will put a dent in the issue
uponit7771
May 2021
#47
nah, lets say half of assets or just stop investing in them and implement a progressive tax ...
uponit7771
May 2021
#57
No amount of money could feed and house everyone. There'd still have to be enough food and housing.
Towlie
May 2021
#9
FDR invested almost his entire fortune in Warm Springs GA for care of polio victims
bucolic_frolic
May 2021
#12
Well the real irony is that all of these folks expressing their outrage are doing so
grantcart
May 2021
#19
In all my working years I only worked once for a company that had a profit sharing plan.
CrispyQ
May 2021
#46
I agree with Warren, get 2% of assets over 50 million and that helps pay for a lot of stuff. We ...
uponit7771
May 2021
#58
individual billionaires are small fry compared to the biggest asset management firms and banks
Celerity
May 2021
#25
it's nightmarishly complex, especially when you start to deal w/ OTC, nonexchange-traded derivatives
Celerity
May 2021
#29
Remember when yachts and over the top houses were big-time status symbols?
BobTheSubgenius
May 2021
#62
As long as their wealth gets redistributed, they are fine to stay on Earth.
BobTheSubgenius
May 2021
#66