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Important PSA
(lemmy.ml)
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this post was submitted on 15 Feb 2024
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This is true, but you could still have a progressive fine. Very good point with the billionaire, though. They live in a completely different world, in terms of how their wealth flow works. Still, it seems like an alternative fine system could be worked out that would hit them hard.
I agree. John Oliver once referred to billionaires as something like a bug in the structure of the system, and I wholeheartedly agree with that analysis. Unfortunately, they're a bug that's not so easily dislodged. Until then, designing systems that are able to deal with their existence is the best way to deal with them.