• Phoenixz@lemmy.ca
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    5 days ago

    Yeah, so this is the part where the market regulates itself? Y’know, the part where ultra billionaires just dump money by the boatloads to buy up stuff that everyone needs?

    Capitalism will ONLY work if we put hard caps on how much wealth a single person can hoard. Billionaires shouldn’t exist. Millionaires shouldn’t exist. There is no need for them and there is no human right somewhere that says that you really van become one.

    Any wealth over 1 million should be taxed 100%, doesn’t matter the country.

    With that, we can say goodbye to hundreds of problems that plague the world, including this one

    • Ilovethebomb@sh.itjust.works
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      5 days ago

      This platform is so incredibly out of touch with reality, especially the more left leaning side of things.

      A millionaire these days just means you’ve paid off your mortgage and have a decent amount put away for retirement.

      • ScientifficDoggo@lemmy.zip
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        5 days ago

        I only half agree with this assessment. Most million dollar homes are million dollar homes due to billionaires and firms poaching housing from actual families and driving up prices.

        Idk WHERE we draw the line, but I absolutely say we start culling from the top and see where we land.

        • iopq@lemmy.world
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          5 days ago

          That’s not true, considering 60% home ownership. How can most homes be owned by billionaires when most people own their homes. Are most people billionaires?

    • iopq@lemmy.world
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      5 days ago

      My dad’s house that he bought in 2006 is worth over 1 million, how do you tax that