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In reply to the discussion: No one in the world should have a net worth of a billion dollars. No one. [View all]mythology
(9,527 posts)45. Actually the argument is quite valid
Because everybody who posts one of these "nobody should have over X amount of money" posts always picks a number greater than they have. Yeah very few people will ever have 1 billion in net worth. But to the average person living in sub-Sahara Africa, somebody with a net worth of $500,000 is beyond their capacity. But that for most people isn't seen as enough for retirement in the U.S. To a homeless person, or even somebody making minimum wage in the U.S. $500,000 is beyond them.
To state that amount X is too great for any one person is largely a matter or perspective. What is too great for you is perhaps not for another and what is too great for another is perhaps not enough for you.
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No one in the world should have a net worth of a billion dollars. No one. [View all]
pogglethrope
Jun 2015
OP
Do you realize those of means donate to different causes, a few which comes to mind is Warren Buffet
Thinkingabout
Jun 2015
#2
Oh, those magnanimous rich folks. Always looking out for the little guy. I can almost feel the
Ed Suspicious
Jun 2015
#23
which one of those rich folks can I count on to help me when I lose my job because it's been sent
antigop
Jun 2015
#29
It's a fair question. I hope one of those rich folks or rich folks supporters can clue us in.
Ed Suspicious
Jun 2015
#30
Perhaps the foundations should be notified their money is not appreciated.
Thinkingabout
Jun 2015
#40
I agree-- the way things are now, concentration of wealth is the real problem.
TreasonousBastard
Jun 2015
#37
If and only if access to the basics of life are not distributed equitably.
LanternWaste
Jun 2015
#19
I totally agree. What isn't well understood is how excess money corrupts.
NRaleighLiberal
Jun 2015
#5
It has been suggested that once one reaches a billion, that they pay 100% in taxes over that
Cleita
Jun 2015
#14
If you don't want them to have the money don't purchase their goods and services.
Nuclear Unicorn
Jun 2015
#60
We have narcissists, sociopaths, and other greedheads that are determined that there will never be..
AZ Progressive
Jun 2015
#20
A big advantage of having a very high top marginal tax rate is investment in business.
napi21
Jun 2015
#27
Yes he did. BUT he also eliminated a number of loop holes to offset the reduction.
napi21
Jun 2015
#47
Precisely. High taxes encourage investment and philanthropy. Clearly we need to strike a balance,
Ed Suspicious
Jun 2015
#32
I got an idea, we will make one new billionaire each year and tha person would be taxed at
Thinkingabout
Jun 2015
#41
Don't disagree. Though, I bet you would be surprised how little it is divided among 7 Billion peopl
Hoyt
Jun 2015
#53
This is your second OP with highly inflammatory language. (The other was locked.)
X_Digger
Jun 2015
#55
Ok, then give a person a billiondollars a year and tax them at 100%, now that is a good deal.
Thinkingabout
Jun 2015
#58