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Rich people are a threat for democracy, Oxfam finds
(euobserver.com)
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this post was submitted on 19 Jan 2026
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So tired of this tbh - I just don't understand how anyone thinks wealth consolidation to few could be a good thing.
Even if you ignore ethics and assume the billionaires are benevolent - it's just a bad investment to invest majority of resources to a small number of investments. Does any successful large project hold 99% of their investments in few projects? It's absurd.
It makes absolutely zero sense no matter how you look at it unless you're truly full in on delusion that benevolent dictators exist and are impossible to corrupt or overtake.
“But what if it is me someday!!!???” - some guy with 5 kids making $30k/year.
I have seen comments like this thousands of times, but I've never seen a single example of anyone genuinely expressing this sentiment.
I don’t think they verbalize it in the same way. But you will hear them saying they don’t want to raise taxes, thinking it will affect them with their low income. Taxes can be targeted at the ultra-wealthy, but low-information people have been made to believe they will be taxed.
The ultra-wealthy have made a significant investment into making the sentiment that taxes are bad be overinflated. They also have successfully invested to make a lot of taxes specifically target the middle and lower classes.
You presume to know what they're thinking, you mean. Have you never considered the possibility that they're simply adhering to the point of view that you shouldn't have to pay over and over for the 'privilege' of continuing to own what you own?
You assume they believe that because they're ignorant. But what if they just know their history? The income tax started with the exact same promise, a tax targeting only the wealthy, but somehow, we all have to pay it now, too.
The populace has every reason to be skeptical of taxes 'targeting' only the wealthiest among us.
I addressed that as well. The wealthy have invested a lot in pushing taxes down to the lower and middle classes. They also have invested a lot to push their agenda.
Small number of investments? Billionaires have shitloads of investments, what are you talking about?
I think they are saying that we, as a society, are investing into a small number of investments: billionaires. This is a bad tactic.
Exactly what I meant - each billionaire is our collective investment. We invest 99% of our wealth into a few billionaire projects which might trickle down to other smaller projects but trickle down is mostly a myth we can't accurately represent and control with our current tooling.