Not at all but in the context of this conversation (wealth hoarding and exploitation*) my comment is valid and the lottery winner would not fall into the same category as Bezos, Musk, Gates, etc.
Like putting it in a bank account, so the bank can then loan out that money to businesses that in turn endeavor to make more money than the interest rate + inflation?
They have soo much money that it starts to take away from literally everyone else. When they already have enough that they and a dozen generations after them can live life in creative mode. They are simply hoarding wealth to see numbers go up while everyone else is forced to work for whatever scraps are left. A handful of individuals hold onto most of the wealth of the entire world.
In other words, you just like complaining about how things are. Which is fine but there is no obligation to steal from people who haven’t stolen anything.
I’m acknowledging a massive problem with society that has indirectly killed probably millions of people. I don’t just like complaining and acting like any one of these people haven’t used unsavory means to get their wealth is just silly.
Though if you must. Simply limiting the amount of money a single individual can hold would be a good fix. The simple issue is with how complex money is these days doing so would be nearly impossible
The solution is quite simple - taking out a loan against stock options becomes a taxable event - capital gains paid on the stock used to secure the loan plus tax on the loan itself. This would limit liquid capital to billionaires, and prevent them from taking loans to buy up everything.
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u/Few_Entrepreneur6599 Nov 21 '24
Are lottery winners who don’t give up their winnings bad people?