this post was submitted on 17 Mar 2026
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Also, is you get rid of a billionaire, how does that help the people? I'm give you an example. We take all of elon musks assets and socks. Go to the open market to sell them. No one buys them because they don't want the stocks taken from them, so the people buy them. The sticks are now worth 1/100 of the original value because elons companies are high P/E stocks. So know you turned a "trillion" into 100 billion that the people paid for. You then use that 100 billion to pay for services. It's gone in 8 months.
Next year you are have no service, no money, and possibly down companies that failed.
I don't see the point.
Eliminating billionaires will neutralise their ability to manipulate society at the level they currently do.
Money doesn’t originate from the private sector, if it did it would be fraud. The funding of services, in an economy with sovereignty of its currency, originates from legislation through the budgets passed by the relevant agents.
Permitting any entity to grow more powerful than the entity responsible for regulating it is carcinogenic, if not suicidal.