this post was submitted on 17 Dec 2023
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No one should have that much power.
I wouldn't have trusted Fred Rogers with a billion dollars, and he's practically the only famous stranger I could have seen trusting with my newborn alone.
It's a society warping level of wealth. No single, unelected, unaccountable person should possess that much uniltateral power.
The global ~~allowance~~ encouragement of such an exploitative, reckless goal is why we are in our various bleak situations.
that's a good point. if i get it right, you mean that since wealth is a resource, it should always be in the hands of those who are accountable(like the government)?
I mean when wealth reaches levels beyond material comfort, needs, and wants, when it becomes easy to warp society. Billionaire's lifestyles doesn't change AT ALL between 1 billion and 2, its about expanding power. That is what capital becomes at those levels.
Politicians swoon over you for "donations" (bribes), you begin to see regulations over the industry you exploit your profit from as amendable through lobbyists you can hire to represent your interests over society. Meanwhile that billionaire's factory workers, customers concerned with product safety, our shared commons, and our communal environment have no advocates with such massive influence to counter them, when the needs of the many shouldn't just balance the needs of the interests of the wealthy few at the top, they should far outweigh them. As it is, its the other way around. The billionaires have the resources to take care of themselves and protect themselves, most of society does not.
No one should have enough wealth to have more influence over society than your single vote allows. If you want more power, that should come by selling your ideas to society that votes on them by putting you into a political office, with ALL of the rules and accountability that comes with that office.
The White House and Senate often invites the billionaires of industries to be the authority on how those industries should be regulated, and it's perverse. The Foxes advising on hen house security.
thanks for explaining
That's an implausible metric. As long as there is not communistic equality, there will always be discrepancies in influence.
Which is why the absurdity of letting someone accumulate a billion dollar plus discrepancy is so glaring.
There won't be because the game is already rigged, over, captured, and hoplesss, but there needs to be a maximum net worth at which point the winners of the economy's excess wealth is siphoned away to benefit the society that provided the conditions for that success in the first place. YOU WON! Now go enjoy having enough wealth to live 100 embarrassingly gluttonous lifetimes while we use the excess millions and billions to build Schools you can send your kids to and roads you can drive your collection of multimillion dollar supercars on. I know, I know, that would be eviiil and crueeel. A real victimization amirite? /s
Why is it a tragedy if the maximum wealth one person can hold is half a billion? Or better 100 million? They won't want to keep "excelling" and working? Awesome, makes room for people without that kind of money to succeed.
There's a damn good reason in game design why you NEED to have drains and hard limits and maximums in any multiplayer economy. The game would fucking break or leave players miserable. But not here irl where there are actual stakes. Nope.
The only exception I can think of is Dolly Parton. I read a report that suggested she'd be among the world's wealthiest if she weren't consistently giving away 90%+ of her income.
The problem is that anyone with that much wealth has already proven their selfishness by not giving away most of it. It's the classic issue of "Anyone who can be elected should never be elected."
Recently saw a post somewhere proposing a new style of Government, where we just give the money to Dolly Parton and just kinda let her do her thing with it.
Wouldn't be the worst option out there, but I wouldn't wish that on the woman.
How do you reconcile that with government leaders having that much power?
With elections that monied interests can no longer purchase and disproportionately propagandize with their essentially limitless power/capital.
They have politicians work against the people, then buy enough ad propaganda to convince people that was a good decision in their interests without that, politicians would rise and fall moreso on what they do in office.
We are the weird ones in the developed world for allowing unlimited private money to pollute our politics, elections, and even buy sitting politicians though legalized political bribery superpacs. It got this way because of the influence of the wealth class being allowed in the first place using that in to expand its own power and ability to bribe, culminating in Citizens United.
I think our eventual collapse will be tied directly to that SCOTUS decision.
Because in countries with functioning democracies, political power is narrowly scoped (your electors give you a mandate to do certain things, and if you act contrary to those interests you loose your power) and fleeting (you only have power as long as your electors continue to entrust that power to you, and can remove that power if they decide you are no longer fit to wield it).
Money, by contrast, is permanent (capital breeds capital) and unaccountable (you can choose to use the power your wealth grants without any regard for what others think - even if people disapprove, they can't stop you spending it)
"The government has a defect: it’s potentially democratic. Corporations have no defect: they’re pure tyrannies.”
— Noam Chomsky
(Not exactly the same, but very similar.)