• chiliedogg@lemmy.world
    link
    fedilink
    arrow-up
    17
    arrow-down
    1
    ·
    13 days ago

    It’s progressive. You’re still allowed to have a billion. That’s just a cap. Anything past that goes to the public.

    • MonkeMischief@lemmy.today
      link
      fedilink
      arrow-up
      6
      arrow-down
      1
      ·
      13 days ago

      Makes perfect sense. It’s like having $999,999,999.99 in a management game.

      It doesn’t go above that, but if you buy a ton of assets and set them down, it’ll probably climb right back up there to the limit again at some point.

      You still have a billion bucks to do whatever with.

      Although yeah, businesses routinely buy things for billions (like acquiring Minecraft? Hah) So they’d find some clever way of putting it all in some kind of “company trust” or something, so they don’t have it as an individual.

      But I’m no lawyer. I still think having it on the books would be better than not, if it went to healthcare and education instead of funneling into the defense industry, that is…

      • meowMix2525@lemm.ee
        link
        fedilink
        arrow-up
        2
        ·
        13 days ago

        they’d find some clever way of putting it all in some kind of “company trust” or something, so they don’t have it as an individual.

        That’s fine, as long as there’s legal stipulations as to how that money can be spent, similar to campaign finance laws. That kind of money should go back into the company to the benefit of both the workers (via continued employment and fair compensation) and the consumers that support the company (via the quality of the company’s product). It should not go to any individual executive to pocket and walk away with.

    • ShareMySims@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      6
      arrow-down
      2
      ·
      13 days ago

      You’re still allowed to have a billion

      Why? Why do you feel the need to hold on to this “aspiration”?

      You will never become a billionaire, stop defending your exploiters.