Comments by "Fox" (@tomlxyz) on "The billionaire class: a threat to democracy? | Business Beyond" video.

  1.  @cccc2740  They haven't broken laws but abiding laws isn't the same as being moral, especially because rich people often lobby for law changes allowing mistreatment
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  2.  @jimpickins7900  we'll lose competition if these companies develop further into becoming monopolies
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  3. It's actually very easy. Just fund some major infrastructure developments
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  4. DW is German and Germans have always been critical of rich people, including the right leaning people
    3
  5. I can generally agree but why target monarchs in particular? They don't really have any influence anyways and afaik their wealth isn't growing significantly nowadays either
    3
  6. Innovation in capitalism comes from competition, the more concentrated the market gets into few corporations the less incentive there is to be creative. And actually, lots of technical advancement comes from government funded research that can't be made profitable in a time range a company cares about but eventually leads to practical solutions
    3
  7. You have no idea how many transactions are necessary to finalize a product. You're essentially adding thousands of percent of sales tax on everything. With what effect? These taxes will just be paid by the customer, not the rich people
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  8. If the government is elected in a fully functional democracy then that would mean "should all power be in the hands of the people?"
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  9. Not what this is about. It's not about whether becoming that rich is a personal success but whether if it's a structural failure of society
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  10. Why that year
    3
  11.  @encabsss  lobbying by itself isn't necessarily a bad thing and actually necessary because politicians aren't experts in everything
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  12.  @DJUwU  your point being?
    2
  13. Bad idea imo. Then they'll just spread their wealth over family members. If you want to think of a successful solution you have to think about how easy it would be to get around it
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  14. It came after elon already questioned if he'd take over Twitter
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  15. The prices of goods within a country is usually very similar but very different between countries so wealth inequality between countries isn't necessarily as problematic. For example, someone might have the same living standard at a fraction of the income of another person in another country
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  16. To impose their wishes without having to listen to others
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  17. They still get all financial benefits of having that much wealth, even if it's tied in shares
    1
  18. You don't only need to get a majority united to object to the current system but also to decide on what changes to be made and that's the part that's usually preventing it. There's a reason ethylene after government get overthrown the situation usually only becomes more unstable
    1
  19. Money absolutely gives you more time in the day. Just think of how many things you can delegate to others, freeing up your day. No need to cook, clean, arrange appointments, etc. Only do the things you like to do. And with less stress it increases your mental capacity
    1
  20. You're arguing on whether being rich is something to aim for. This video is about the very real influence billionaires have, regardless of its founded on an illusion
    1