I've slowly come around to believing in "maximum wealth"

[Cynic]

Putting a cap on ambition isn't cool...just seek comfort in knowing that eventually government will have to adopt basic income and
other socialist policies because these schools aren't creating the jobs of the future and once machine learning automates white collar jobs
.... it will lead to social upheaval

 

[afterlife2009]

the peter daou redemption arc

 

[Starman]

the peter daou redemption arc

Redemption?

What happens to production after $100 million in wealth is reached?

 

[storyteller]

I remember a worker coop system in ex-Yugoslavia.

The country had a lot of problems based on religious and ethnic tensions, but the economic system had a lot of advantages and enabled a good growth (+6% the decade before Tito's death which led to ethic tensions).

There was an interesting effect of democracy at work: general managers typically had 5 year investment plans instead of only short term planning, and workers were generally more involved instead of only doing their shift.

If one had to make a choice between democracy at work and at the government level, for the personal well-being I'd even argue that in everyday life it is more important to be able to curse at your boss and tell your general manager at regular meetings why some changes might be bad for the company than to be able to curse at your president which is rather useless...

(Disclaimer: This is not to absolve the dictatorship from human rights abuses, just to say that the economic system had positive aspects)

Good post.

 

[IVS]

We'll something must be done for he good of society. We cannot allow for them to keep so much wealth in their hands because they are using it to interfere with and rig the democratic process.

 

[Secure Da Bag]

Redemption?

What happens to production after $100 million in wealth is reached?

Workers get paid more, infrastructure gets maintained or upgraded, ubi, uhc, and free college gets paid for.

What do you think happens to production after $100M in wealth is reached?

 

[Starman]

Workers get paid more, infrastructure gets maintained or upgraded, ubi, uhc, and free college gets paid for.

What do you think happens to production after $100M in wealth is reached?

Production stops. The creator stops pushing IPhones, tablets, investing or whatever. What's the incentive to continue production? So someone else can have a "basic income"?

 

[Secure Da Bag]

Production stops. The creator stops pushing IPhones, tablets, investing or whatever. What's the incentive to continue production? So someone else can have a "basic income"?

To keep your wealth at 100M? So people can have money to continue to buy your wares?

 

[Starman]

To keep your wealth at 100M? So people can have money to continue to buy your wares?

People buy their wares now. That's no reason to give up whatever is earned over $100 mil.

To cap earnings is to cap production.

 

[Secure Da Bag]

People buy their wares now. That's no reason to give up whatever is earned over $100 mil.

Government is manipulating interest rates and tax laws to keep the economy afloat, which makes the impending crash that much worse.

 

[rapbeats]

Look you can make as much as you want as long as people have good schools, decent homes, structurally sound infrastructure, and fiber internet.

Otherwise, you're breaking the system for 90% of the population and that isn't fair.

and the real thing is. it isnt fair not just because you earned a crap load of cash and others didnt. nope. its because #1 you didnt actually earn that money. not nearly most of it. you have not put enough work hours in nor great ideas to earn THAT much.lets be realistic now.

in addition and this is the best part. a lot of these companies have used government funding, R&D, etc at some point in their huge corporations growth. You say but but facebook didnt. stop it. the internet itself was developed by who?
Who pays those people's salaries?

Birth of Internet
The birth of the Internet occurred in his UCLA laboratory (3420 Boelter Hall) when his Host computer became the first node of the Internet in September 1969 and it was from there that he directed the transmission of the first message to pass over the Internet on October 29, 1969.


---
The University of California, Los Angeles (UCLA)[1] is a public research university in Los Angeles.


You see that, PUBLIC funds,
Where the money comes from
The largest sponsor of UCLA research is the federal government. In fiscal year 2014-2015, 60.4 percent of awarded money came from the federal government. Federal agency sponsors include the National Institutes of Health, National Science Foundation, NASA and United States Department of Defense. Of these sponsors, the NIH gave the most funding to UCLA in fiscal year 2014-2015, granting $392.8 million, or 62.9 percent of awarded money from the federal government. NIH grants money to research that aims to improve health and alleviate burdens of illness.

Nonfederal funding sources make up the remaining 39.6 percent of awarded money to UCLA research. The funders include for-profit businesses, non-profit organizations and state or local governments.

Federal Govt.Business & ProfitState & Other Govt.Higher Education

Distribution of Awards by Federal Agency Sponsor, FY 2015
Federal Agency Sponsor Amount Awarded Percentage
NIH $392.8 M 62.9%
NSF $84.0 M 13.5%
USDOD $45.1 M 7.2%
USDOE $23.5 M 3.8%
DOVA $23.4 M 3.8%
NASA $20.0 M 3.2%
DOED $4.0 M 0.6%
OTHER FED $3.3 M 0.5%
USDOC $1.9 M 0.3%
Other DHHS $26.4 M 4.2%
---
^^^That's why these billionaires dont deserve to have all of that money and not share it with us too. we invested in them. and all investments are not via stock or angel investments. Know and learn how things are funded. learn how many government contracts these people have. understand they owe us.

 

[Mook]

We will just have to agree to disagree on this specifically.

Well where does a guy who can't sell alcohol at a 300%" markup fall in the hierarchy?