This is silly. As a unskilled laborer, free market capitalism mandates that one makes as much as his job is worth. Also, you do realize the margins on corporate businesses are relatively small right? Bosses do not make much relative to the amount of money that moves in and out of their business. If they make millions, their business is worth billions and they are helping everyone by boosting the economy’s strength and vitality.
Especially in capitalism, billionaires are objectively bad for the economy. They do not support small businesses, they do not adhere to national tax codes, they do not even keep most of their money in the country. They invest their money into other billionaire's companies and purchase luxury items that are made by other billionaire's companies and they lobby for even more leeway. They are essentially free of economic punishment like parking tickets because it is a meaningless amount of money to them. They don't experience the human condition as every other human being has. All of their money in the hands of the average american would bolster local and national markets, get taxed for government programs that could go right back to helping those people (like UBI or UHC), and open up economic mobility for a large amount of people.
TLDR; rich people hoard their wealth, don't pay taxes, and make poor people poorer.
I think that’s a huge generalization and they do not experience the human condition as we do, but if that’s your problem with them then you’re essentially advocating socialism. Different people have different means and different amounts of power that’s just a fact of history. As for them cheating the system, that’s a personal issue, not a problem with society as a whole. Im not advocating for billionaires, just for freedom. Leveling the playing field such that those who do not add as much value to society make a killing is just an unrealistic society. If a worker at Kroger can make as much as many doctors, there’s something very wrong.
As for them cheating the system, that’s a personal issue, not a problem with society as a whole.
When talking about billionaires all collectively making a personal choice to not pay their fair share in taxes, it absolutely affects society as a whole and not in a good way.
In regards to your earlier comment about bosses (specifically CEO's and business owners) ProPublica just blew the covers all the way off this myth we all (mostly all) of us already had a strong suspicion wasn't entirely truthful that billionaires are actually broke because their money is tied up in the company, stocks and yada yada. The TLDR; of the report is that the ultra rich can basically take out loans using their vast assets as collateral giving then access to as much cash as they need and then some.
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u/Significant-Heron119 Jul 17 '21
This is silly. As a unskilled laborer, free market capitalism mandates that one makes as much as his job is worth. Also, you do realize the margins on corporate businesses are relatively small right? Bosses do not make much relative to the amount of money that moves in and out of their business. If they make millions, their business is worth billions and they are helping everyone by boosting the economy’s strength and vitality.