BOOK REVIEW

Where should society draw the line on extreme wealth? A fresh account sets out the logic and suggests how to redress inequality.

  • jordanlund@lemmy.worldM
    link
    fedilink
    arrow-up
    1
    arrow-down
    1
    ·
    6 months ago

    I’m saying capping how much wealth someone is allowed to have:

    a) Is likely to have unintended consequences.

    and b) May end up hurting more people than it helps.

    • whoreticulture@lemmy.blahaj.zone
      link
      fedilink
      arrow-up
      2
      ·
      edit-2
      6 months ago

      Where is the logic from:

      rich people may be broke if they spend a lot

      to:

      capping wealth may have unintended consequences and will hurt more people than it helps

      You do realize that the vast majority of people are not wealthy and that the top one percent own a ridiculously disproportionate amount of the wealth? Wealth caps would only “harm” the top whatever percentage of earners. And if they’re at such a thin margin that the wealth tax would hurt them, like boo fucking hoo lmao, they can sell their Bugatti and buy a new Honda Civic fresh off the lot.