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How much money you have doesn’t determine what your values are,
Having more wealth than you could ever possibly need while people all around you can't even afford basic necessities is very much an indication of exactly what your values are. They're shit and so are you.
Here here.
We live in a town that’s one of the richest per capita in my country, thanks in no small part to several billionaire families.
It’s next to one of the poorest where many of the workers are supplied for the billionaires’ businesses.
Gee, I wonder how all that wealth got “created” or “transferred”?
How about you can only leave 10% of your net worth to your family. The rest is put into a lotto pot for a drawing of winners from all citizens. There would be multiple winners so that the pot is divided equally, and the total individual prize would not exceed 100 million. All investment assets would get rolled into social security and Medicare.
“How much money you have doesn’t determine what your values are”
Well, it does if you horde an obscene amount of wealth while people are destitute...
Hotel work is underpaid, wild scheduling, and in housekeeping and laundry, restaurant, hard work.
At $20 per hour, working 40 hours a week, you would need about 25000 years to earn one billion dollars.
There's no way anybody on Earth has put in as much effort to earn a billion dollars as 25000+ years of work.
If you could live 25000 years you wouldn’t need to earn a billion by working. You could invest a single dollar at 1% interest and it would only take 2083 years to grow to over a billion dollars.
Banks would not be paying that kind of interest if we lived 25000 years.
Sure they would. Interest is based on economic growth, not lifespan.
It wouldn't be if lifespan were that long. What dont you understand about that?
You’re making an assertion without evidence. What’s there to understand about an unsupported (and likely false) assertion?
Well if we said Sisyphus started pushing the rock up the hill at $25/hr during the Illiad times (800BCish) and worked 24 hours a day, 365 days a year. He'll be a billionaire around the year 3700 or so.
I watched his commencement speech, and he certainly has better ideals than the other Ruin The Planet For A Buck billionaires.
But a billion is a billion. Tax it away, there are far too many people that need that money, desperately, for one to hoard it with no plans to do anything with it.
How's he even supposed to live if his wealth falls to $200 million dollars? He'd have to live like a peasant.
Like if he was spending a million dollars a month with that little money, he'd be out of money in... well, never. Because he's still be spending interest and making money...
That's the thing. Imagine you are someone that pisses away 150 million dollars to shoot yourself and your brother-in-law into space, and you can do that every day for the rest of your life and it doesn't even make a dent in your fortune - what on earth (or just outside) do you need it for?
He can just give away $2.5 B and still be a billionaire.
"And I look forward to working with everyone, including billionaires, to make a city that is fair for all of them,” he added.
You do not work with the people causing inequality to make things fair. Actual moronic behavior.
I used to respect Pritzker until now. He is wrong. Society is being destroyed by the unstoppable accumulation of wealth by billionaires. Humans do not need the wealth of nations at any time ever.
Pritzker understands the bones you throw to the masses need enough meat to sustain the masses, lest they turn on you and eat the rich.
Pritzker is doing a great job. I did not vote for him in the initial primary because of that bias myself but he has proved himself and any rich guy who goes into politics will have to do the same but if they do then they get my vote.
How did he "prove himself"?
Our state up to him has been pretty mismanaged. Before him our credit rating was getting dinged on a regular basis and it reversed such that its went up on a regular basis. Much of this from consolidation, paying bills ontime, and getting some better loan terms. He reacted quickly during the pandemic and properly let the experts do their job and they focused correctly on hospital beds. He created the emergency facility at mccormick place which he got a lot of flak for but for me is a big plus as he acted proactively when it was needed. He does not kowtow to businesses looking for tax break handouts which the right loves to complain about but again for me its a positive. These are positives but again for illinois just not wasting money and getting us deeper is a pretty big thing. Then rebuild illinois sorta mirrored the biden national infrastructure with an eye toward fossil fuel reduction and energy efficiency.
Sure, that's great and all, and sadly what should be expected from our leaders. They aren't there to be popular, they are there to lead the state/county/country into prosperity. Still doesn't explain why he has 3.7 billion dollars while people in his state and country go hungry and can't afford rent. I applaud his efforts and still think he should not have that much money.
If your talking taxation and reducing all large wealth with the higher the more like with the hundred billionaires then im with you. Heck one thing I did not mention was he tried to get a progressive tax for the state but its in the constitution to have it flat. If you mean he should give his away so that more assholes have money and less decent folk do then your way wrong.
What are you even talking about?! Of course I'm talking about taxation for ultra wealthy, not that this one guy just has too much money. Get the f outta here!!
you would not believe how often you get yahoos who feel that if a rich guy pushes for more wealth taxes that reply if he does not want it he can just donate to the gove or such. its why I have to make it clear.
Sorry, JB, Mamdani's right about this, and if there's any justice to be had in this world, you're going to get a haircut.