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jacq danieles
OxfordUnion
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Comments by "jacq danieles" (@jacqdanieles) on "Helen Thomas | It Is NOT Immoral To Be A Billionaire (6/8) | Oxford Union" video.
@JxJxJxJx - true. But "rewarded" is not the issue, is it? What is sufficient reward should be the question. Once you get past the (let's arbitrarily say) $50 or $100 million mark, the incremental gains should be taxed at much higher percentages. And the result would still be people with enormous wealth. A likely effect will be fewer "inflated" lifestyles. A lot of consumption by the uber wealthy has been inflated solely as status symbols.That is, the $100 million mansions will be less in demand.
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@eralddavid6892 - Freidman & Ayn Rand are the cause of the mess we're in. Unfettered capitalism leads to corporate feudalism.
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@eralddavid6892 - I have a Masters degree in economics. Friedman is not gospel truth in economics. https://www.businessinsider.in/strategy/the-economist-joseph-stiglitz-explains-why-he-thinks-the-late-milton-friedmans-ideas-have-contributed-to-rising-inequality-in-the-us/articleshow/63289341.cms
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@eralddavid6892 - why are any of us taxed? It's our money, isn't it?
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