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Replies

Sridhar Ramesh @radishharmers.bsky.social · 06/08/2025

There should be a wealth cap at enough for a comfortable retirement. If I gave a specific number, you'd haggle with me, but $N million for some single digit N. No one needs more than that. It doesn't incentivize any useful behavior to let people accumulate more power than that.

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Radical Capitalist @theradcap.bsky.social · 06/08/2025

These kind of stupid ideas are why the world is impoverished. In the absence of a tax funded government, wealth would be rewarded for exchanging something of value for that wealth, and should not be discouraged.

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MurkyMurk @louisgridleywu.bsky.social · 06/08/2025

Before our gvmt agencies were gutted, their usefulness was that they'd do studies and help figure out some reasonable numbers to support these ideas. Ah, well.

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RadiantHostility (he/him) @radianthostility.bsky.social · 06/08/2025

Rich people will use their riches to pursue class interests, ie immediately undermining and removing from law any wealth caps you somehow manage to shove through in a Capitalist system. You can't give people just a little massively disproportionate power. Nothing like this has ever worked, except

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Three👁️Eyed👁️Devil👁️ @anarcish.bsky.social · 07/08/2025

Anyone with that much money can distort the world around them to a dangerous degree. I would argue it’s actually a matter of critical national security that no one be allowed to have 1 billion dollars.

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thrillhouse.vanhouten @thrillhousev.bsky.social · 06/08/2025

“But if we don’t incentivize everyone to be ruthless money-hoarding bastards jockeying for position at the expense of everyone around them, how will we function as a society?”

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Johann @johann.tezoscommons.org · 06/08/2025

In practice this would just lead to all the rich people and their money leaving your country.

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Waziam @waziam6.bsky.social · 06/08/2025

Or we could move towards a non-monetary based system

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Jennifer Keith @jkcreative8.bsky.social · 06/08/2025

There definitely needs to be a wealth cap for running for office.

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MAGA Corpsegrinder @grayestjedi.bsky.social · 06/08/2025

$1 billion, after a normal tax rate, should be the cap, IMO. Everything after that gets taxed taxed at 99% and you get a trophy congratulating you on winning the capitalism Olympics

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an_upsetting_baby_wearing_scary_contact_lenses @oldbaby.bsky.social · 06/08/2025

an annual spending cap for individuals would be funny. sure dude, work all you want, earn all the money you want, you still live in a regular neighborhood

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Layer8 @layer8problem.bsky.social · 07/08/2025

With 1 million nvested prudently you are making 50,000 annually without even having to touch the million. If you are drawing down from your million at the same time you will be very well off. That draw means your returns will gradually decrease, but you aren't going to live forever anyway.

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berezina.bsky.social @berezina.bsky.social · 07/08/2025

The average mayor has more power than that. You are concentrating power, not diluting it.

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DEATHBORNE @deathbourne.bsky.social · 06/08/2025

100% there is what you need. Far more than what you need. And then enough to just harm others around you. That last option must not be allowed to exist.

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Collieflower @collieflower.bsky.social · 07/08/2025

I think this is more or less what Ingrid Robeyns noted in her book Limitarianism; there is functionally 0 reason to allow anyone to put together 10 million dollars or more.

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James @jamesawhitehead.bsky.social · 06/08/2025

There's a society I studied in uni where a person's wealth is measured by how much you give away NOT by what you hoard for yourself. Philanthropy is actively encouraged with greater status Anything over N$m should be redistributed to the poorest via huge taxes Or just give it away and avoid tax.

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Jenn Of Ark @jennofark.bsky.social · 06/08/2025

The distaste for setting this kind of cap was what prompted the top marginal tax rates of 91% in the 1950s. With such a high marginal rate, there is a disincentive to trying to amass obscene wealth, because when you hit those top brackets, most of it is going to go to the government in taxes. So

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alli um, undead @laapcoeng.nya.je · 06/08/2025

I mean if we're talking about hypotheticals, it shouldn't cost anything at all to have a comfortable retirement (or life at all for that matter). Wouldn't even need that single digit $N million

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joepampel.bsky.social @joepampel.bsky.social · 06/08/2025

When I started on wall st (97-ish) the bogey was $10M. That was your FU money. You could withdraw funds at 4% a year ($400k pre-tax) and never draw down your original capital. You were done working for anyone else, in theory at least. Buy a big sail boat and go cruise the Mediterranean.

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stuart @stuartp.bsky.social · 06/08/2025

it's $N million + cost of extravagant hobby/project/rebuilding the Rialto bridge in NM

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Sridhar Ramesh @radishharmers.bsky.social · 06/08/2025

Show me a single example of someone who after producing $9 million of benefit to the world needed to be paid a further billion dollars to produce further (a billion dollars further) benefit to the world, benefit which neither they nor anyone else would produce without the billionaire incentive.

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drk @drkdstryer.bsky.social · 06/08/2025

I will instead haggle with you to use $X for some single digit X.

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The Broader Protest Community @smootherbrain.bsky.social · 06/08/2025

Psychoacoustics have a cure

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You wouldn't download a frog @younodonk.bsky.social · 06/08/2025

Saw a suggestion recently that put the cap at "100x the yearly earnings of full-time minimum wage." Hate the cap, billionaire boy? Advocate for increasing the minimum wage then lol

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Kayin Dreemurr @kayindreemurr.bsky.social · 06/08/2025

Sadly lots of people either think they are such wealthy people or believe they can become such and would hate the idea. It is a good idea to be fair, as I fully agree with it! I do wonder if we'll see any country enact it in the future.

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Corrinna 🍁🇨🇦 #ElbowsUp #BuyCanadian @corrinna-mp.bsky.social · 06/08/2025

Thanks to recent events, we see that extreme wealth leads to antisocial and unhealthy behaviour. The ultra-rich at one point seem to believe it's their right to find entertainment in impacting the lives of those in lower socio-economic classes. Not unlike ancient Rome.

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🌕🦇🍂 spooky general strike @spice.bsky.social · 06/08/2025

the number is 2, maybe 3 tops

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Catherine E. Cullen @catherineecullen.bsky.social · 06/08/2025

Oh, Sridhar, what constitutes a “comfortable” retirement? I don’t begrudge anyone their wealth. I DO begrudge the wealthy not paying their fair share of taxes. The US had a progressive tax structure not all that long ago in which the wealthy did pay their share. We need to have it again.

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Peggy from PA @peggyfrompa.bsky.social · 06/08/2025

Yes, but for parents of children with disabilities, they need to ensure they have sufficient resources for their child’s care.

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Eat The Rich @34t-th3-r1ch.bsky.social · 06/08/2025

I'd argue that starting businesses is an expensive thing to do and capping income does pose challenges for those trying to start their own businesses.

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Hank Tough 🇨🇦 @jetaitkens.bsky.social · 06/08/2025

But then all the private yacht builders would go outta business!

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Chey Wolfwalker @chey0410.bsky.social · 06/08/2025

👍🏼

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Total E-Chryss of the Hart (ze/zim/zyr) 🏳️‍⚧️🎮 @chrysshart.bsky.social · 06/08/2025

Alternately, we socialize retirement care so no individual ever needs to hoard wealth for their own welfare. There's no reason people can't live long, happy, healthy, free lives in the wealthiest society in human history.

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Tasha Williams @riseupwoman.bsky.social · 06/08/2025

excessive wealth is money extracted/stolen from - employees who aren't paid commensurate w/value they produce for company or even at just a living wage AND - the tax base as rich people pay less of a portion of earnings than workers solution => living wages, tax the rich

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Sean Bon Jovi @seanbonjovi.bsky.social · 06/08/2025

It’s pretty evident that extreme wealth makes most people insane so yeah let’s not

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I hate terfs. @nameofdoom.bsky.social · 06/08/2025

A quick money making tip is harvest your landlord for organs

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Peter O’Dactyl @peter0dactyl.bsky.social · 06/08/2025

Just do what we did in living memory and make the tax rate at the ludicrously high end like 90 or 99%. A stupid amount of people seem to take issue with depriving the poor billionaires of the ability to keep robbing us entirely, so avoid that and claw back the vast majority to the same effect

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drbigbeef.bsky.social @drbigbeef.bsky.social · 06/08/2025

I like this idea but whatever your N is will grow passively. So for example if $5M is the cap that becomes $6M in 2 years with average market performance So is that a disincentive to invest? Investing is (generally) a good thing. Need to think more on what happens when you approach/exceed the cap.

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BensDecoy @bensdecoy.bsky.social · 06/08/2025

If thought about this a lot. If there is no pay rate limit and we can get forced retirement to as many MBAs as possible as quickly as possible we can scrub the job market clean in just a few years.

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Wade @borachomega.bsky.social · 06/08/2025

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🏳️‍🌈Alex Vander Veur💙🇲🇽🇨🇦🇺🇦🇬🇱🇪🇺🇵🇸🇻🇪💙🇺🇸💔 @alexvanderveur.bsky.social · 06/08/2025

I'm thinking we could make a pretty simple formula that ensures no one can have more than, as an *example*, say 1000% of the income or net worth of the average of the bottom 10% of the country. You want more money? Invest in making the poorest less desperate to survive and raise your wealth cap.

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westernflyer2.bsky.social @westernflyer2.bsky.social · 06/08/2025

I would even be willing to raise that number much higher as long as the amount passed down was capped at single digits. Certainly there should be a massive wealth tax on all wealth above 100 mil.

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Blue-Patriot 🇺🇸🇨🇦🏳️‍🌈🏳️‍⚧️🖤🇺🇦 🇪🇺🌍 @blue-patriot.bsky.social · 06/08/2025

You are absolutely right. I’d hope I live to see this.

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dolly partons blessed ghost, CPA @dollypilled.bsky.social · 07/08/2025

I wouldn’t even be necessary if the govt just properly managed tax dollars and provided an actual UBI to citizens

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Be_three @be-three.bsky.social · 06/08/2025

The problem is that most people can't comprehend such large numbers and just think a million is a lot and a billion is a bit more. A million seconds is 11 days. A billion seconds is 33 years. If everyone on earth suddenly understood this, every billionaire would be swinging from a lamp post

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Churlayla 86.47 @churlayla.bsky.social · 06/08/2025

If you were born on the first day of year 1 a.d. and given $1000 a day (no spending), you still wouldn't be at a billion dollars today. (Bezos is thought to be sitting on around ~8 billion in cash.) No one needs to be sitting on that type of cash.

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JBB2000 @jbbr2000.bsky.social · 06/08/2025

Now how can these poor billionaires afford their mistressES, viagra, cover-ups and x-wives on a few million. Besides, they couldn't be space tourists.

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J.W. Gant @johnwgant.bsky.social · 06/08/2025

Agree, we hold the same argument, or similar. Some people function very well as wealth generating engines within the economic system we the people have chosen. Let them. But cap it and tax everything over at 99%.

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Thakman📎🇺🇸 @thakman.bsky.social · 06/08/2025

A cap specially for Congress. 390 out of 535 members of Congress are multi-millionaires. How can they represent us?

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Mark Roddy @markr51.bsky.social · 06/08/2025

At a minimum, abolish billionaires.

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Gonzo in Houston @gonzoinhouston.bsky.social · 06/08/2025

We can debate the exact number, but I’m with you. Remember Elizabeth Warren’s idea for a wealth tax? Over some number, that tax rate increases dramatically, until, yes, it’s impossible to stay that rich.

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Thru A Glass Darkly #IAmHannie! @thruaglassdarkly.bsky.social · 06/08/2025

I'm all for 100% tax on annual incomes over $5M, and wealth over $15M. Particularly if we nationalize health care, transportation and education, there's just no need for amounts greater than this!

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bmurph78.bsky.social @bmurph78.bsky.social · 06/08/2025

1000 times median household income. it would be about 80 million-ish. spend 10 times median, $800,000 and it will last 100 yrs., 20 * median lasts 50 yrs. OR, buy a jet - yacht - mansion and be broke. Community should provide a $10 rope, cuz, if it ain't enough, go hang yourself.

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Clive Dobson @aftercapitalism.bsky.social · 06/08/2025

We need an abundant, peaceful, moneyless, sustainable and happy resource based economy worldwide. www.thevenusproject.com www.resourcebasedeconomy.org www.youtube.com/@clivedobson8656

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Uncle Pook @unclepook.bsky.social · 06/08/2025

Very sensible. So it will never happen. (But I wish it would happen)

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wnjeffers.bsky.social @wnjeffers.bsky.social · 06/08/2025

We need to bring back the marginal tax rates of the Eisenhower admin, adjusted for inflation. Highest rate was 91/92% on income over $400K. And ALL income should be taxed alike. No special treatment for capital gains. Or for stocks in lieu of cash.

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GoneGirl227 @gonegirl227.bsky.social · 06/08/2025

Been saying this for years. You get to make x amount of money and once you hit that amount, you can have a stupid party and get a stupid plaque and all earnings after must go to the betterment of society, as a whole.

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