▲ 551 ▼ Spanish activists vandalize superyacht in Ibiza believed to belong to billionaire Walmart heiress (localnews8.com) submitted 3 years ago by zombuey@lemmy.world to c/world@lemmy.world 70 comments fedilink hide all child comments
[–] livedeified@lemmy.world 88 points 3 years ago (2 children) I think billionaires are a sign that capitalism is out of control. permalink fedilink source hideshow 4 child comments replies: [–] Ath47@lemmy.world 37 points 3 years ago (2 children) Yep. They are a glitch in the system. An exploitation. There's no way that any person should deserve a hundred thousand times more money than the average full time worker. permalink fedilink source parent hideshow 4 child comments replies: [–] returnzero@lemmy.world 34 points 3 years ago (1 child) They're not a glitch, they're the natural end result. When you have an economic system that rewards those with the most money, those with the money with have the most advantages and be the most successful. Naturally, over time, money will consolidate at the top. Of course you can impose things like regulations or taxes, but that's subverting the natural course of capitalism. You're literally doing things to prevent the system from working as designed. Billionaires aren't a glitch of capitalism, they're a feature. permalink fedilink source parent hideshow 2 child comments replies: [–] Ath47@lemmy.world 14 points 3 years ago Fair point. Though I believe we can still have capitalism without such extreme wealth distribution. Tax 99% of every dollar earned above 10 mil. Make it extremely hard to reach 100 mil. Think of how much good that tax money will do for society as a whole, assuming it's used properly. permalink fedilink source parent [–] Marsupial@quokk.au 12 points 3 years ago There’s no glitch, this is simply capitalism. permalink fedilink source parent [–] mvuvi@baraza.africa 9 points 3 years ago “Billionaires hate capitalism” as exemplified by Peter Thiel’s mantra “competition is for losers”. permalink fedilink source parent
[–] Ath47@lemmy.world 37 points 3 years ago (2 children) Yep. They are a glitch in the system. An exploitation. There's no way that any person should deserve a hundred thousand times more money than the average full time worker. permalink fedilink source parent hideshow 4 child comments replies: [–] returnzero@lemmy.world 34 points 3 years ago (1 child) They're not a glitch, they're the natural end result. When you have an economic system that rewards those with the most money, those with the money with have the most advantages and be the most successful. Naturally, over time, money will consolidate at the top. Of course you can impose things like regulations or taxes, but that's subverting the natural course of capitalism. You're literally doing things to prevent the system from working as designed. Billionaires aren't a glitch of capitalism, they're a feature. permalink fedilink source parent hideshow 2 child comments replies: [–] Ath47@lemmy.world 14 points 3 years ago Fair point. Though I believe we can still have capitalism without such extreme wealth distribution. Tax 99% of every dollar earned above 10 mil. Make it extremely hard to reach 100 mil. Think of how much good that tax money will do for society as a whole, assuming it's used properly. permalink fedilink source parent [–] Marsupial@quokk.au 12 points 3 years ago There’s no glitch, this is simply capitalism. permalink fedilink source parent
[–] returnzero@lemmy.world 34 points 3 years ago (1 child) They're not a glitch, they're the natural end result. When you have an economic system that rewards those with the most money, those with the money with have the most advantages and be the most successful. Naturally, over time, money will consolidate at the top. Of course you can impose things like regulations or taxes, but that's subverting the natural course of capitalism. You're literally doing things to prevent the system from working as designed. Billionaires aren't a glitch of capitalism, they're a feature. permalink fedilink source parent hideshow 2 child comments replies: [–] Ath47@lemmy.world 14 points 3 years ago Fair point. Though I believe we can still have capitalism without such extreme wealth distribution. Tax 99% of every dollar earned above 10 mil. Make it extremely hard to reach 100 mil. Think of how much good that tax money will do for society as a whole, assuming it's used properly. permalink fedilink source parent
[–] Ath47@lemmy.world 14 points 3 years ago Fair point. Though I believe we can still have capitalism without such extreme wealth distribution. Tax 99% of every dollar earned above 10 mil. Make it extremely hard to reach 100 mil. Think of how much good that tax money will do for society as a whole, assuming it's used properly. permalink fedilink source parent
[–] Marsupial@quokk.au 12 points 3 years ago There’s no glitch, this is simply capitalism. permalink fedilink source parent
[–] mvuvi@baraza.africa 9 points 3 years ago “Billionaires hate capitalism” as exemplified by Peter Thiel’s mantra “competition is for losers”. permalink fedilink source parent