I mean we should be atleast as fair as prison. You get one bus ticket and whatever you had in your pocket when you prestige. No large amounts of cash or diamonds. But if you got 23 bucks u in you’re pocket you can keep that.
Probably should lock it to a percentage of GDP or multiple of median household income so they don't try to deflate their way out of it or act on some other perverse incentive.
Yeah so then they have 100 friends and family, with 999 million each.
These sorts of proposals are just laughable to anyone with common sense. It’s like putting a 1 foot tall fence around your lawn and thinking it’ll stop people from walking on your grass.
We keep a running total. $999 million lifetime. You can give it away, you can hoard it, whatever.
Oh and it’s also unrealized gains on assets. Net worth.
After that you should have enough for life. You should be free and clear on a home and have enough savings to live the rest of your days off of. Everything you ever earn from then on gets taxed at 100%.if your stocks split and now you have a net worth > $999mil, guess who’s auto-selling stocks and donating the profits to the sick and hungry kid’s foundation? Guess who’s building a new wildlife bridge over a highway?
Guess who’s name can be on the new high speed rail station?
How are you going to keep a running total? Realistically, how? Much wealth is not publicly known, especially given international holdings. No one knows how much money Putin has, for example.
And then you have the more basic issue that private companies don’t have a known true value. They have a book value for the real property they hold (real estate, buildings, equipment, inventory, furniture, vehicles, etc) but many companies have a potential value far in excess of that due to technology. That value can’t really be calculated until the business goes public or is sold.
So what you end up with is people will just give their friends and family shares in their private company, valued at a very low number, then later when they go public they can all go up to $999m before selling out.
The thing to realize about billionaires is that they have so much money they can hire an entire accounting department to circumvent basically any simple tax law you come up with.
Except land value taxes. Land can’t be moved and the land value is assessed based on the neighbourhood, not on any information the owner might hold secret, so there’s no way to avoid land value taxes if you want to own land.
I'm not the OP, but I think your comment underestimates the power of the government if it were actually brandished against these people. The government has far more resources than any billionaire and if its levers are pulled in the right order, it could do far more than insist upon itself.
The problem is an extended period of relative peace, wealth and success has not (yet) been conducive to those levers being pulled. But it's coming. It's inevitable, because wealth cannot help but create its own demise. We last saw it during the Great Depression, the hangover of the last Gilded Age. The robber barons of that era did precisely the same thing the modern ones are doing, and they looked similarly invincible.
I don’t think there’s anything inevitable in Earth history, except the Sun going red giant. Just because regular people clawed back some power against the robber barons doesn’t mean it could be done again in our time, with all the differences in technology.
Technology is a force multiplier. Not just for military/violent force, but for speech and the control of information as well. It’s not an anomaly that people keep re-electing the same incumbents over and over again.
The wealthy are leveraging more and more power while also undermining future generations, destroying education and social mobility. We may end up in a situation not too different from North Korea, where the millions starve and a handful live in opulence, enforced by a brutal military police state empowered by weaponry, mass surveillance, and AI.
Except they usually didn't win. It's always a combination of poor morals, tax evasion and labor thefts. Then add a sprinkle of corruption. Imagine doing that to win a game? Obviously no one wants to play with you.
The US economy caters to the top 10% everything else is slop. We are not even on the spread sheet. In general crapitalism has proven to be a exponental function that can only work in a metphorical vaccum of nonsense. It breaks the bounds and limitations of the natural world. It will be the reason why human beings were a thing of the past. It is unatural and unholy. It brings out the worst in us and should be cast into the fire. It will end or unfortunatly reset. Either way the world is looking pretty shabby.
I liken the behaviour to tech enthusiasts, you know the extreme overclocking community. The 3dmark benchmarks? They want to see how high the number can go, it becomes an addiction. I haven't owned a computer since 2019 do people still do that?
For any normal human anything over 10 million/year becomes redundant, but you get attached to numbers and just wanna see for curiousitys sake how your personal high score can get. If a billionaire went from 100 billion to 10 million his lifestyle wouldn't change, and at that level it probably isn't the number that matters but the missing comma. The comma becomes the fix and so they're chasing the fuggin dragon.
Same sickness as a hoarder who sees value in mundane objects like pop cans but isn't viewed under that lens because money is ultimately a noble pursuit, we just need to identify when money hoarding becomes a mental illness and write some law about it as a society in general.
Overclocking is unnecessary/extremely easy to do nowadays. Its also absolutely not worth the damage to the cpu, since you rarely get any actual performance past benchmarking.
Financial obesity is neurotoxic, an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.
Corporations are the only ‘persons’ which should be subjected to capital punishment, but trillionaires should be forced to transition into billionaires, and billionaires should be euthanised through taxation.
21 Comments
Aeao@lemmy.world · 35 pts · 6d
Everytime I see this I think we should have prestige mode like call of duty.
After 100 million you’re net worth resets back to zero and you have to start from scratch again. BUT you get a cool little badge by you’re name.
If a rich person doesn’t want to get prestiged they better start donating money faster than they make it and get that number back to 99 million.
There is no limit to how many prestige’s a person can get.
ThePyroPython@lemmy.world · 5 pts · 6d
I unironically like this idea. Make that the competition.
ceenote@lemmy.world · 4 pts · 6d
I'd even be okay if we eased them into it. They can keep $1000 on their first prestige, $100 on their second, and then 10 on their third.
Aeao@lemmy.world · 1 pts · 6d
I mean we should be atleast as fair as prison. You get one bus ticket and whatever you had in your pocket when you prestige. No large amounts of cash or diamonds. But if you got 23 bucks u in you’re pocket you can keep that.
UnderpantsWeevil@lemmy.world · 2 pts · 6d
This is just the plot of Brewster's Millions
AfterlifeAdventures@lemmy.world · 31 pts · 6d
F that 100 million tops or time for medieval actions to be taken
Remember_the_tooth@lemmy.world · 8 pts · 6d
Probably should lock it to a percentage of GDP or multiple of median household income so they don't try to deflate their way out of it or act on some other perverse incentive.
Diplomjodler3@lemmy.world · 14 pts · 6d
We must absolutely do this. Only we should set the threshold much lower.
StumblingWasabi@lemmy.today · 7 pts · 6d
You had me until dog park, maybe a bench instead?
AviAdi@lemmy.world · 8 pts · 6d
Dog park ain't a bad idea because just like these rich fucks it too will be full of shit
chonglibloodsport@lemmy.world · 5 pts · 6d
Yeah so then they have 100 friends and family, with 999 million each.
These sorts of proposals are just laughable to anyone with common sense. It’s like putting a 1 foot tall fence around your lawn and thinking it’ll stop people from walking on your grass.
4am@lemmy.zip · 2 pts · 6d
No no not $999mil in the bank.
We keep a running total. $999 million lifetime. You can give it away, you can hoard it, whatever.
Oh and it’s also unrealized gains on assets. Net worth.
After that you should have enough for life. You should be free and clear on a home and have enough savings to live the rest of your days off of. Everything you ever earn from then on gets taxed at 100%.if your stocks split and now you have a net worth > $999mil, guess who’s auto-selling stocks and donating the profits to the sick and hungry kid’s foundation? Guess who’s building a new wildlife bridge over a highway? Guess who’s name can be on the new high speed rail station?
chonglibloodsport@lemmy.world · 3 pts · 6d
How are you going to keep a running total? Realistically, how? Much wealth is not publicly known, especially given international holdings. No one knows how much money Putin has, for example.
And then you have the more basic issue that private companies don’t have a known true value. They have a book value for the real property they hold (real estate, buildings, equipment, inventory, furniture, vehicles, etc) but many companies have a potential value far in excess of that due to technology. That value can’t really be calculated until the business goes public or is sold.
So what you end up with is people will just give their friends and family shares in their private company, valued at a very low number, then later when they go public they can all go up to $999m before selling out.
The thing to realize about billionaires is that they have so much money they can hire an entire accounting department to circumvent basically any simple tax law you come up with.
Except land value taxes. Land can’t be moved and the land value is assessed based on the neighbourhood, not on any information the owner might hold secret, so there’s no way to avoid land value taxes if you want to own land.
HAL_9_TRILLION@lemmy.world · 3 pts · 6d
I'm not the OP, but I think your comment underestimates the power of the government if it were actually brandished against these people. The government has far more resources than any billionaire and if its levers are pulled in the right order, it could do far more than insist upon itself.
The problem is an extended period of relative peace, wealth and success has not (yet) been conducive to those levers being pulled. But it's coming. It's inevitable, because wealth cannot help but create its own demise. We last saw it during the Great Depression, the hangover of the last Gilded Age. The robber barons of that era did precisely the same thing the modern ones are doing, and they looked similarly invincible.
chonglibloodsport@lemmy.world · 2 pts · 6d
I don’t think there’s anything inevitable in Earth history, except the Sun going red giant. Just because regular people clawed back some power against the robber barons doesn’t mean it could be done again in our time, with all the differences in technology.
Technology is a force multiplier. Not just for military/violent force, but for speech and the control of information as well. It’s not an anomaly that people keep re-electing the same incumbents over and over again.
The wealthy are leveraging more and more power while also undermining future generations, destroying education and social mobility. We may end up in a situation not too different from North Korea, where the millions starve and a handful live in opulence, enforced by a brutal military police state empowered by weaponry, mass surveillance, and AI.
VeryInterestingTable@jlai.lu · 3 pts · 6d
Except they usually didn't win. It's always a combination of poor morals, tax evasion and labor thefts. Then add a sprinkle of corruption. Imagine doing that to win a game? Obviously no one wants to play with you.
theham@lemmy.wtf · 2 pts · 6d
The US economy caters to the top 10% everything else is slop. We are not even on the spread sheet. In general crapitalism has proven to be a exponental function that can only work in a metphorical vaccum of nonsense. It breaks the bounds and limitations of the natural world. It will be the reason why human beings were a thing of the past. It is unatural and unholy. It brings out the worst in us and should be cast into the fire. It will end or unfortunatly reset. Either way the world is looking pretty shabby.
ironpangolin29@lemmy.ca · 2 pts · 6d
I think that's basically it.
I liken the behaviour to tech enthusiasts, you know the extreme overclocking community. The 3dmark benchmarks? They want to see how high the number can go, it becomes an addiction. I haven't owned a computer since 2019 do people still do that?
For any normal human anything over 10 million/year becomes redundant, but you get attached to numbers and just wanna see for curiousitys sake how your personal high score can get. If a billionaire went from 100 billion to 10 million his lifestyle wouldn't change, and at that level it probably isn't the number that matters but the missing comma. The comma becomes the fix and so they're chasing the fuggin dragon.
Same sickness as a hoarder who sees value in mundane objects like pop cans but isn't viewed under that lens because money is ultimately a noble pursuit, we just need to identify when money hoarding becomes a mental illness and write some law about it as a society in general.
Funkt4st1c@lemmy.world · 1 pts · 6d
Overclocking is unnecessary/extremely easy to do nowadays. Its also absolutely not worth the damage to the cpu, since you rarely get any actual performance past benchmarking.
nonentity@sh.itjust.works · 0 pts · 6d
Financial obesity is neurotoxic, an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.
Corporations are the only ‘persons’ which should be subjected to capital punishment, but trillionaires should be forced to transition into billionaires, and billionaires should be euthanised through taxation.
Postmortal_Pop@lemmy.world · 0 pts · 6d
This, but the cap is 1 million.