this post was submitted on 11 Dec 2024
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It's progressive. You're still allowed to have a billion. That's just a cap. Anything past that goes to the public.
Makes perfect sense. It's like having $999,999,999.99 in a management game.
It doesn't go above that, but if you buy a ton of assets and set them down, it'll probably climb right back up there to the limit again at some point.
You still have a billion bucks to do whatever with.
Although yeah, businesses routinely buy things for billions (like acquiring Minecraft? Hah) So they'd find some clever way of putting it all in some kind of "company trust" or something, so they don't have it as an individual.
But I'm no lawyer. I still think having it on the books would be better than not, if it went to healthcare and education instead of funneling into the defense industry, that is...
That's fine, as long as there's legal stipulations as to how that money can be spent, similar to campaign finance laws. That kind of money should go back into the company to the benefit of both the workers (via continued employment and fair compensation) and the consumers that support the company (via the quality of the company's product). It should not go to any individual executive to pocket and walk away with.
Why? Why do you feel the need to hold on to this "aspiration"?
You will never become a billionaire, stop defending your exploiters.