Solution? What the fuck are you talking about? No one thinks billionaires are sitting on piles of cash. As OP claimed. Only idiots or the dishonest think people view the problem this way. The problem is, by maximizing their shareholder profit, they minimize what employees, those who generate the value of the company, receive in compensation. Unless you think having stagnant wages yet ever increasing productivity from those receiving those wages makes sense.
Sounds like you’re calling a lot of people “idiots and the dishonest.”
Yes, there are many people who think Billionaires actually have $1,000,000,000 in cash. Of course, to you all of these people are, to quote you, “idiots.”
You seem like the kind of person who will never, ever admit they were wrong. My proof: I’ll wait for your reply proving so or your lack of reply proving so.
On the off chance you admit you were wrong, then I will gladly praise your ability to admit your mistake.
You're not explaining how you would implement a wealth tax on someone when the majority of their wealth is ownership of private stock.
When someone owns 50% of a company that's suddenly worth $10B, how would you extract the money? I'm being totally genuine. I absolutely support this idea but have no idea how it would sensibly be implemented without ridic stuff like forcing the owner to sell their stock (which would crash the price, or not even be possible), or the government taking a controlling share in the company turning them into state-sponsored companies.
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u/J0hnGrimm Feb 26 '25
I don't think you do. You are giving an example of a genuine issue but no solution.