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There Should Be No Billionaires

Let's say that right now a hundred grand a year is a very fine living (since it is).

Ten million dollars is a hundred years of that.

That's a lot of why "there should be no billionaires".

Certainly I can see the importance of joint enterprises that are worth far more than that, but once their market value is over, say, a hundred million, no one person should still have a huge say in how they operate. Let them move along and raise funding for the next thing they want to start.

This would take a huge reform of our species' capital markets, but they are a tool for us to use, not vice versa.

11/24/21

(Note that there is an absurdity in trying to figure out how to separate a business founder from their wealth if that wealth is the market value of a business they founded, ran, and still own. Hence the need for deep thinking and reform of our capital markets and systems.)

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© Huw Powell
humanthoughts.org

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