
The problem is, most billionaires don’t actually have a billion dollars in their bank accounts. Our economy is based on “pay you back trust” which is why credit is so important. Billionaires are seen as more likely to pay back loans which is why they can take out bigger loans and build wealth on money that doesn’t exist but might if they’re plan is actually successful
That just goes against the founding principles of our nation, like it or not, the government is not supposed to be this hands on, if someone wants to do something (within the law obviously not killing someone or something) with their own property, they should be able to. The government shouldn’t have the power to cap a persons wealth, because if you give them that power, what’s next?
I mean honestly either way folks will find a way to still get around it. Tbh im not entirely against people accumulating wealth, I think my issue is America its self is TOO rich to not have universal healthcare, universal childcare, solid social security/retirement, minimum wage that matches the cost of living, etc. I mean if 1,000 billionaires gave $500M rn that would be $500 Billion dollars!!! Idk shits crazy
Too rich is def a thing imho, especially when you start talking about hundreds of millions of $ or billions. 1 million seconds for example is like 11 days or so, and 1 billion seconds is roughly 32 years. Most of the middle class would be super proud of themselves for reaching that net worth of $1 million by the time they’re in their 60s. When there are those in the US making that as chump change and can run away with it thru tax loopholes, maybe we have an economical ethics issue on our hands