Getting money out of politics and removing the ability for billionaires to exist by taxing them out of existence via a 100% tax above a certain number (that number is negotiable, but I don’t think any person deserves to have over $50 million in combined realized and unrealized gains, as it is impossible to just “work that much harder” than the average worker). We live in a luck-based economy instead of a meritocracy (which cannot exist due to humans being the ones in control), but the wealthy have convinced us that we live in a meritocracy, and that they earned their massive fortune due to merit.
Simply having a billion dollars is enough to sway governments, even if no money changes hands, as politicians will think that it might change hands if they serve their overlords. Now, in reality, the exchange of money happens both before and after.
Check out Professor Richard Wolff. He’s an economic historian and gives very solid rundowns of why the economic system must change in order for corruption to even have a chance of disappearing.
Not to mention the existence of the stock market at all completely defeats the idea that we live in a meritocracy. When your money that your parents gave you makes money, you’re not working harder than anyone. It’s just gambling for the rich, except they’re able to sue and win whenever they lose thanks to people like Jack Welch and Ronald Reagan.
That’s probably the least of the issues.
Getting money out of politics and removing the ability for billionaires to exist by taxing them out of existence via a 100% tax above a certain number (that number is negotiable, but I don’t think any person deserves to have over $50 million in combined realized and unrealized gains, as it is impossible to just “work that much harder” than the average worker). We live in a luck-based economy instead of a meritocracy (which cannot exist due to humans being the ones in control), but the wealthy have convinced us that we live in a meritocracy, and that they earned their massive fortune due to merit.
Simply having a billion dollars is enough to sway governments, even if no money changes hands, as politicians will think that it might change hands if they serve their overlords. Now, in reality, the exchange of money happens both before and after.
Check out Professor Richard Wolff. He’s an economic historian and gives very solid rundowns of why the economic system must change in order for corruption to even have a chance of disappearing.
Not to mention the existence of the stock market at all completely defeats the idea that we live in a meritocracy. When your money that your parents gave you makes money, you’re not working harder than anyone. It’s just gambling for the rich, except they’re able to sue and win whenever they lose thanks to people like Jack Welch and Ronald Reagan.
As a future lottery winner, 50 million is plenty.