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by lawrenceyan 2693 days ago
Abolish billionaires. Okay, and then what? These ideas never seem to consider what the next steps are. Wealth and inequality will always exist no matter how hard you try to eradicate it. It is fortunately or unfortunately depending on your viewpoint, a fundamental part of the human condition.

The only viable stable long-term solution is focusing on uplifting the masses from the bottom up such that, even the poorest classes of people can have a basic standard of living. This of course entails some kind of universal basic income, which will definitely be difficult to achieve, but it is far more realistically achievable than just "abolishing billionaires". Violent and angry rhetoric like that may feel good and be great for garnering support, but is a road that leads ultimately to ruin.

1 comments

Fixing wealth inequality is a never ending process. You have to continuously transfer wealth downward, as wealth in a capitalist system has a kind of gravity such that it flows more to people who already have it.

You don’t need to eliminate wealthy people or raise everyone into the middle class, you just need policies that constrain the extremes within reasonable limits — for the sake of societal stability if not of basic fairness.