And this is America right now:

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And this is America right now:

Housing and food - yes, be angry that there's no money for that.
But healthcare? Money is not the issue - US healthcare, yes the precious private healthcare, is already getting a ridiculous 16% of the federal budget. For context - their military gets around 4%!
The money is already in the system, it's the system itself that must be changed and made to work for the general public instead of shareholders.
US billionaires:
“Wait, you mean to say that we can keep our current quality of life, dabble in our little space projects, and that those we employ won’t suffer???”
“Lol naw fuck that.”
To be fair, it helps that Norway suddenly got rich by selling ecologically disasterous products to the rest of the world while avoiding them itself.
That last line nails it: it doesn’t cap success, it just makes sure failure isn’t catastrophic.
But that's one of the primary tenants of conservatism! What will conservatives do if people are allowed to continue living after they fail?
It does cap the wildest, antisocial forms of success that are insane excess.
Progressive taxation should mean you can never gain enough power, which capital is, to warp your society with power beyond your single vote, whether that power is expressed through direct bribery, lobbying, or mass media propaganda to try to trick your fellow citizens into voting and advocating against their own interests with your booming, capital powered voice that drowns out those you disagree with merely because you've exploited more capital into your private account than others.
I don't see any shame, horror, or problem with putting a hard cap on how much an individual can accumulate, as other people live here too.
Despite what Elon Musk believes, this whole planet shouldn't be his personal playground, but that's what it means to become a trillionaire, entire governments will bow at your feet. That's perverse. No unelected, unaccountable individual should hold so much power, unless humanity wants to live in a hell of its own making.
I honestly don't think the problem is that Capitalist's don't understand that concept; they very much do.
They also understand that the money for raising that floor would likely come from taxes on them; and so keeping the floor low means that they can keep even more profit.
It's not a lack of understanding. It's pure unadulterated evil.
The rich capitalists sure, but there are plenty of poor capitalists being fed misinformation, in order to maintain the status quo. And when it is the many vs the powerful few, then the more we have on our side the better
"doesn't put a ceiling on wealth"
eeeeehh. maybe we fucking should?
increased privatisation is happening all over the Nordics. I don't know how much in Norway compared to here in Finland, but being in my fourth decade I can definitely see it happening and intensely. I can't get a fucking public dentist anymore. Hell, children aren't given free dental care anymore.
If no one were living in poverty I would be more accepting of the ultra-rich's existence.
worth noting how norway is rich off of oil
True and the Nordics have plenty of poverty themselves once people look closer.
(This is just saying it exists, nothing more)
Perfect is the enemy of good.
Not even a successful society is perfect. It certainly doesn’t mean we shouldn’t try. It’s still better than what most of the rest of the world is doing.
Eh, no reason to discard the idea of putting a ceiling on the rich. Even if you took away all of the money people had that was over 1 billion dollars, that wouldn't cause any of those people to suffer.
3 people in America each have several times as much wealth as the entire bottom half of America. It's ok to have a ceiling nobody contributes 400B to society. For reference that is more than every teach and every doctor make in America. Does anyone believe that Elon is individually more valuable than the either profession?
Depends. I actually fully support putting a ceiling on wealth.
The analogy I always come back to is nuclear weapons. We don't let private individuals own them. We don't make you get an atomic bomb license. We don't tax nukes heavily. We don't make sure that only the kindest and most ethical people are allowed to own nukes. We simply say, this is too much power to be trusted to one individual. No one should have that level of power.
And yet, would anyone doubt that someone like Bezos, all on his own, can cause an amount of damage comparable to a nuclear bomb? If Bezos had it in for an entire city, could he not destroy it? Could he not buy up the major employers and shut them down? Could he not buy up all the housing and force the citizens into penury? Could he not buy up and shut down the hospitals? I have no doubt that, if he wanted to, Bezos could single handedly destroy a city. And how many lives would that take? How many would drink themselves to death or die by their own hand after Bezos came in and destroyed their entire lives? How many would die from lack of resources and medical care, etc?
Bezos could absolutely, if he wanted to, single-handedly cause a level of destruction and human misery comparable to the atomic bombing of Hiroshima.
And that is a power no one should have. The only way anyone should have that level of power is through democratic elections.
This is why I support wealth caps. I would personally set the maximum allowable wealth at 1000x the median household income. In the US, this would be about $80 million USD. That's about the maximum fortune a person that actually works for wages can amass in a lifetime, if they're a very high earner, live very frugally, and marry someone of similar status. 1000x median household income is the limit of what I consider to be an honest fortune - one made primarily through your own work, rather than sponging off the labor of others.
I'm of the opinion that that doesn't go far enough
We need to put hard limits on personal wealth (and the wealth of companies too). After 10 million networth in wealth, all your income should go to taxes 100% until you're below that limit.. something similar should exist for companies
Same goes for power and fame. I don't want or need a president, or a CEO that directs billions of dollars
Keep everything small, keep everyone small. Mega projects can still be done by multiple companies together, for example
End the rich!
Great. Now do both.