this post was submitted on 24 Feb 2024
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I don't think it's possible to become a billionaire and believe in fair labor practices.
I'm actually one of the minority on lemmy that believes in regulated capitalism. In that vein though, billionaires should be taxed out of existence. You can have tens or hundreds of millions, but once you get into the billions you really should be hitting a ceiling. You're not contributing more than you're taking from the country at that point and you're a risk to democracy with that much concentrated power.
I’m fine with regulated capitalism. I totally agree with you.
Capitalism can't stay well regulated according to Das Kapital and we're seeing a lot of examples of regulatory capture and late-stage capitalism.
Nick Hanauer seems to talk the talk. He's been on the lecture circuit for over a decade suggesting billionaires need to run their companies ethicaly or risk losing it all to class warfare. It's a message that falls on deaf ears, and I don't know if he practiced those ethics while building his initial fortune.
Minecraft's Notch is a billionaire and regardless of his amusing racist antics, he treated his employees pretty well so I've heard.
I know, a rare exception.
Tens of hundreds of millions? Are you aware that ten hundred million is more commonly known as a billion
It was supposed to be or