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submitted 3 days ago* (last edited 3 days ago) by Davriellelouna@lemmy.world to c/canada@lemmy.ca
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[-] ininewcrow@lemmy.ca 73 points 3 days ago

Millionaires with a few million dollars aren't the problem

The biggest problems are the handful of billionaires and the billionaires that are not Canadian but have a strangle hold on companies or corporations that affect Canada.

If the government could just tax the ever loving shit out of billionaires, they'd remove the single root cause of a lot of problems in the country and actually allow some sort of competition in all industries. This would allow the economy to spread the wealth to more Canadians than to a bunch of non-aligned billionaires who could care less what country they are attached to because their wealth is so great, they are basically their own country at this point.

Millionaires aren't the problem .... Billionaires are

[-] BestBouclettes@jlai.lu 33 points 3 days ago

They're part of the problem, but you can become a millionaire ethically, not a billionaire.

[-] Lemmyoutofhere@lemmy.ca 27 points 3 days ago

Being a millionaire these days is pretty normal. Need a lot more than that to retire if you don’t have a pension plan.

[-] ILikeBoobies@lemmy.ca 30 points 3 days ago* (last edited 3 days ago)

The person with 100 million is closer in wealth to the homeless person you pity than they are to a billionaire.

It’s an unimaginable amount of money

[-] Revan343@lemmy.ca 17 points 3 days ago

The quote I like is "The difference between a million dollars and a billion dollars is about a billion dollars."

[-] ininewcrow@lemmy.ca 5 points 3 days ago

Now that's putting it into perspective ... holy shit

[-] TheBat@lemmy.world 11 points 2 days ago

A million seconds is approximately 11.5 days.

A billion seconds is approximately 31.7 years.

[-] ininewcrow@lemmy.ca 2 points 2 days ago

That is another better perspective ..... and also why again do we have a civilization that allows someone to own so much wealth that it is not feasible or even possible for them to enjoy all the money in one lifetime?

Holy shit this perspective is enlightening ... and also very depressing ... thanks

[-] phoenixz@lemmy.ca 3 points 2 days ago

I think that oversimplifies the issue.

I have no problem with a millionaire that has a net worth of, say 3 million

I have a problem with someone having a net worth of 30 million

I have a huge problem with someone being worth 300 million

All are millionaires

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this post was submitted on 02 Jul 2025
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