• Phoenixz@lemmy.ca
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    3 months ago

    Yeah, so this is the part where the market regulates itself? Y’know, the part where ultra billionaires just dump money by the boatloads to buy up stuff that everyone needs?

    Capitalism will ONLY work if we put hard caps on how much wealth a single person can hoard. Billionaires shouldn’t exist. Millionaires shouldn’t exist. There is no need for them and there is no human right somewhere that says that you really van become one.

    Any wealth over 1 million should be taxed 100%, doesn’t matter the country.

    With that, we can say goodbye to hundreds of problems that plague the world, including this one

    • anon_8675309@lemmy.world
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      3 months ago

      A million ain’t what it used to be. You want to retire so you need to invest. You don’t want to pass laws that make that impossible.

      • Mongostein@lemmy.ca
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        3 months ago

        But if you had free healthcare, UBI, and your home is paid off, would you really need to save that much?

      • T156@lemmy.world
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        3 months ago

        Especially if it considers assets. That’s basically one housing bubble if you’re a homeowner.

    • RamRabbit@lemmy.world
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      3 months ago

      Any middle-class person who puts their mind to it will become a millionaire. It involves living below your means, not buying cars constantly, and investing your money for decades. I can’t stress enough how big of a difference those things make.

      A huge portion of retirees are millionaires because they were responsible and didn’t blow all their money.

      Millionaires shouldn’t exist.

      Why would you want responsible, middle-class retirees to blow their money instead? Why would you force them into a situation where they have to rely on others in their retirement rather than living comfortably off their own hard work?

    • iopq@lemmy.world
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      3 months ago

      My dad’s house that he bought in 2006 is worth over 1 million, how do you tax that

  • gdog05@lemmy.world
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    3 months ago

    Data centers will consume…

    No, data centers that are slated to be built say they’ll consume. If they don’t get built because they run out of funding or the bubble bursts, then they won’t consume. They’re trying really fucking hard to make fetch happen.

  • GMac@feddit.org
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    3 months ago

    Can we all buy cheap hardware when the bubble bursts and the billionaires decide not to pay the electricity bills for these ridiculous datacentres?

  • PissingIntoTheWind@lemmy.world
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    3 months ago

    Just a heads up. 91 billion in data centers is held up by local politics. Won’t be built. So expect this to soften the Ai market.