[seibelj]

The government has the ability to print and spend trillions easily and quickly. When one person, exclusively through the private sector system by generating value for customers, creates enough value to obtain billions of dollars, it’s a great thing. I like that private people have billions of dollars - with a fraction of the resources of the state, private people and entities accomplish magnitudes better outcomes, products, and services.

I say, let’s allow some people to have large resources. If they inherited it, their ancestor usually earned it via a company, or that is the vast majority of the cases nowadays. Wanting to seize a family’s money is because of envy, or because you fear private power. I myself am not envious and also wish there was more private and decentralized power.

[DrNosferatu]

I would say the real problem here is that the 0.1% *of today* are hoarding capital just for their families to an extreme level. Instead of giving back their fair share to the very same Society that provided the ground conditions for them to profit.

Let's not forget that during the eight years of the Eisenhower *Republican* Administration, from 1953 to 1961, the top *marginal* tax rate was 91 percent. (...and it was 92 percent the year he came into office.) [1]

People won't tolerate eternally these levels of material Precarity and Inequality. And like in the 1930s, they will lead to Fascism.

PS: Seibelj, "Trickle-Down Economics" has been repeatedly proven to be a myth and not to work in reality. [2]

1 - [https://www.politifact.com/factchecks/2015/nov/15/bernie-san...]

2 - [[https://www.washingtonpost.com/business/2020/12/23/tax-cuts-...]]

[seibelj]

I don’t know any definition of “wealth hoarding” nor what a “fair share” is that makes logical sense. It’s always some dollar amount where beneath it someone is a good citizen, and they make one more dollar and suddenly they are evil robber barons. Do you have a wealth amount that signifies someone is evil?

I don’t care about trickle down, I don’t care about rich people. Most of the huge problems in society - cost of housing, education, and healthcare, problems with the criminal justice system, problems with corporate welfare - are caused by the government themselves. The best parts of society that work like well-oiled machines are built and operate in the private sector.

It’s a philosophical difference of opinion - I like rich people and I’m happy that private entities have lots of resources and power. I don’t feel the need to steal from them out of envy.