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Lets test the theory
(lemmy.world)
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this post was submitted on 05 Jun 2024
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You seem to be under the assumptions that hoarding vast wealth to the point of extreme inequality is benign and not damaging to society & individuals living in that type of civilization, and that limiting extreme wealth inequality for billionaires means they're coming for everyone next with no limits. These are some of the main ingredients in cooking an oligarchy soup.
No, I'm well aware that it's damaging and I'm not a proponent of the system. You would do well not to make assumptions. My problem is that the people that take power are rarely the ones who will use it with temperance. I see no way that the same laws used to penalize the accumulation of wealth wouldn't be applied to dissidents regardless of class. Rather than having an oligarchy of private citizens, you'll have an oligarchy of people with government powers. At least in the current system there's a degree of separation. What's needed is a way to strengthen the people, not to punish the wealthy. And I have some ideas for that, but I doubt any would be feasible.