this post was submitted on 23 Nov 2023
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If there weren't any billionaires, your net worth would be about $100K higher than it currently is ($400K for a family of four). And that would provide you about $4K in yearly passive income ($16K for family of four).
You would own a part of those corporations worth that $100K and would have a say in how they operate.
Based on what?
Based on the concept of sharing, parents should have taught it to you before you could talk.
Nah man, you can believe in private property and still agree to share certain things based on consent.
Exactly, and we can revoke consent to have the limited shared resources of this planet and our labour exploited by billionaires.
Yeah I'm not a billionaire but I don't see why Tesla etal deserves the hate often seen here. You're just showing your true nature, that you withhold love and resources
That's called ignorance. Figure it out.
His math is off, at least for the US. You are in New Zealand so it's probably less bad for you. https://en.m.wikipedia.org/wiki/Wealth_inequality_in_the_United_States#:~:text=As%20of%20late%202022%2C%20according,a%20total%20of%20%2443.45%20trillion.
Distribute that 4.5 trillion between 330 million people and you only get 10000. You would need to take 45 trillion from the top 1% to give everyone else 100000
It's still absurd how much money they have.
I'm interested in how and why they think it will be distributed cause it seems to me that it wouldn't flow to the bottom
Oh wow yeah let's get right on crafting a transition plan into billionaires theoretically not existing wow what a great idea. I had thought he was just demonstrating how much wealth they have captured with a thought experiment but oh boy, you specimen of progress, you actually want to do it! How brave.
Cunt.
You want someone else to blame for your problems 😴
Corps like Marlboro advertised their products were healthy for years, don't suggest that corps don't cause problems or won't cause problems. Billionaires direct the actions of corps and use them as shields for liability.
I don't think I did suggest that corps won't cause problems. I was going to try make the point that if there were no billionaires then that wealth would flow to the pockets of corporations not the everyday person.
People own corps. If it's billionaires or a trade union owning the corp, it's a little different.