The Existential Threat of Ultra-Billionaires | “That in turn underscores the need for confiscatory taxation of extreme wealth. Allowing anyone to possess that much money … drives them mad with power and gives them the resources to destroy us all, including themselves.”

3 comments

1. It’s terrible to cause so much suffering so a handful of people can have most of the wealth. We need a system that benefits the majority, not the few. There needs to be a maximum wealth that gets taxed a 100% after they hit it. We need social benefits that actually help people climb out of poverty. And poverty needs to have a bottom limit as well, nobody deserves to die on the streets with nothing and no hope. Everyone matters not just the 1%.

2. This right here is what the left has been warning about for years, only to be constantly dismissed by neoliberals.

   The wealthy accumulating so much power that they can eventually take over the government and society as a whole.

3. Yeh I am NOT pro-slavery. I consider taxation to be nothing more than slavery disguised as something new and those that push it are “slavers”. Just like the Democrats of the old South, been pushing slavery for 100’s of years now in one fashion or another. The only thing I hate about the current slavery situation is apparently I have to pay for my own house, and transportation and medical, with only the education being free. Full slaves enjoy their housing, transportation, education and medical, and also food all provided for them by the slavers. So what gives here?

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