I wish one of the bigger industrial countries had the balls to curb the state-like influence of billionaires, by flat out capping the amount of wealth they get to wield. It’s not even that people should not be allowed to be “rich”. But “rich” should mean owning 1-50 millions or so. Not billions.
You should try visiting Scandinavian countries. While being ultra rich isn’t disallowed, it’s so heavily taxed that ultra rich end up providing more for the welfare than any other group.
Not true at all. Sweden has worse wealth equality than the US. Sure we have high income taxes, but basically no wealth or inheritance taxes. The only reason social democracy ever took off in Scandinavia was due to the fear of the nearby Soviet Union. The moment the Soviet Union collapsed all the countries of Scandinavia started dismantling the welfare and privatising.
If we’re not going to abolish money, it should really be entirely illegal for the highest paid person in a company to make more than, say, 15-20 times more than the lowest paid person.
I wish one of the bigger industrial countries had the balls to curb the state-like influence of billionaires, by flat out capping the amount of wealth they get to wield. It’s not even that people should not be allowed to be “rich”. But “rich” should mean owning 1-50 millions or so. Not billions.
You should try visiting Scandinavian countries. While being ultra rich isn’t disallowed, it’s so heavily taxed that ultra rich end up providing more for the welfare than any other group.
… that is until they move out to Switzerland.
Not true at all. Sweden has worse wealth equality than the US. Sure we have high income taxes, but basically no wealth or inheritance taxes. The only reason social democracy ever took off in Scandinavia was due to the fear of the nearby Soviet Union. The moment the Soviet Union collapsed all the countries of Scandinavia started dismantling the welfare and privatising.
An inconvenient truth is that life was a lot better for the working class in a lot of countries before the Soviet Union fell.
My buddy is in Switzerland doing his phD. He says col there is hella expensive. Do they have a tiny tax rate?
Oh no Switzerland is in shamble 😰
If we’re not going to abolish money, it should really be entirely illegal for the highest paid person in a company to make more than, say, 15-20 times more than the lowest paid person.
Lol 1 million doesn’t even buy a house where I live.