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we must maintain the status quo
(lemmy.dbzer0.com)
To anyone who supports capitalism or otherwise opposes socialism:
Do you support the idea that one man can accumulate enough wealth to own all land of this Earth, making everyone born in his empire under his rule as long as he can kill to defend it? What prevents capitalism from accomplishing this in law? What law exists that limits the borders of nations?
Why, then, must we endure a system where a single man owning the Earth and enslave it is a feature, not a bug?
https://dice.camp/@sean/114698774200264413
I just wanna know what people think. Why must this be maintained? Why is any opposition to capping wealth just the end of the world when it probably would save it, just logically thinking it through?
It’s an interesting and hard problem. Because most billionaires don’t own billions in cash - they own companies that are worth billions. These companies also don’t have billions of assets - they are valued at billions by investors.
The problem is that musks and bezoses of the world didn’t start with billions - they started with millions and lucked out. So to prevent this from happening you need some system that can fairly catch a moment where a business becomes too big and do something about it.
You can’t really cut the majority owner out, because well they own the company - you can’t just take away what they own. But you can’t really pay them some ceiling cost either - you’ll just end up making someone else a billionaire.