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If you agree with this view: Why do you think societies should allow billionaires to exist? How does that benefit the common good? (lemmy.world)
submitted 2 months ago by to c/asklemmy@lemmy.world
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Please go easy on the downvotes—the point here is to try to understand a perspective that many of you probably won't share.

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[–] 2 points 2 months ago (1 child)

It kind of is simple. They have to sell stuff.
It's up to them how to do that.

Say we tax them at 15% of US assets after the first $1B. That'll slowly widdle them down.

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  • [–] 2 points 2 months ago (1 child)

    So here's a scenario:

    You started a website, and this website became enormously popular. The company you started to run this website is now worth a couple billion dollars. You're not an asshole, so you pay your employees generously and take an equal wage for yourself. You weren't in a rush to grow, so you never took venture capital or became publicly traded.

    As the sole owner of that company, you are technically worth a couple billion dollars, but your sellable assets are nowhere near that 15%. How is the law supposed to handle this situation without further making enshitification legally mandatory?

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  • [–] 2 points 2 months ago* (last edited 2 months ago) (1 child)

    Sell the shares to your employees. Or to the government.

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