Truly, once you pass a certain threshold of capital accumulation nothing can dethrone you. Not even your brain being turned to mush. The things Thiel says are the ravings of a lunatic. If he weren’t an oligarch they’d put him away. And obviously he’s not the only one. One has to wonder if perhaps it is the power itself that drives a man mad. There ought to be a marginal wealth tax that starts wherever the gains to happiness begin to diminish and build exponentially towards 100% at, say, 1000x the median net worth of a single individual. The way things are isn’t good for us or them.
Personally, I think an absolute cap on income, wealth, assets, and a limit of 1 focused business owned, with huge punishments for going beyond the limits. The elite get away with evading contributing to society, because there is an entire Wealth Defense industry to protect them from consequences. Making it impossible to hide money would be key to eliminating fiscal obesity and political corruption.
Truly, once you pass a certain threshold of capital accumulation nothing can dethrone you. Not even your brain being turned to mush. The things Thiel says are the ravings of a lunatic. If he weren’t an oligarch they’d put him away. And obviously he’s not the only one. One has to wonder if perhaps it is the power itself that drives a man mad. There ought to be a marginal wealth tax that starts wherever the gains to happiness begin to diminish and build exponentially towards 100% at, say, 1000x the median net worth of a single individual. The way things are isn’t good for us or them.
Personally, I think an absolute cap on income, wealth, assets, and a limit of 1 focused business owned, with huge punishments for going beyond the limits. The elite get away with evading contributing to society, because there is an entire Wealth Defense industry to protect them from consequences. Making it impossible to hide money would be key to eliminating fiscal obesity and political corruption.