[PsYcNeT]

Originally Posted by STAMPEDRED

Interesting statement.

How do you suppose that the funds over $1B should go to the state? What part of their piss-poor manangement of funds makes one think they should be given even more to manage?

Balance this with how many governments - any level - or even grander countries, are not in debt? Hi Ne can argue good debt and bad debt until the cows come home - regardless it’s debt. Means you owe and if something goes sour in that lender relationship who has control?

Point is: gov by and large across multiple levels mismanage funds all the time and run higher and higher debts/deficits. So in your estimation the government should receive bail money from others who have learned how to succeed and grow their wealth / finances in excess of $1B so they should be stopped from having too much.

Here’s a thought to at least consider:

No matter what one makes or earns, when you die you take Zero of it. So decide while alive what to do with the money made. Personally, I wouldn’t be for supporting government - they get enough tax as is and they can’t manage it. What things would you do with that ‘excess’ of wealth that you deem to be too much. What would you use it for? To improve peoples lives? Yours? Destroy peoples lives? Money is quite powerful.

So as opposed to thinking someone has too much to what you set the standard at, why not view what you would do? Billionaires hire millionaires. Millionaires hire ‘thousandaires’ and down it goes. Musk in this case hires thousands of people to run his companies. All those who work for him depend on him to pay their pay check so that they can eat, live, play, have a home etc. So in actuality, Musk is paying many mortgages through those who he has hired. That’s quite kind is it not? Providing a living for others so that they can live in a home and be able to go on vacation.

Personally, the gov takes in too much and there is very little accountability that they are held to. Businesses learn how to increase. The state just mooches more and more. Sadly, that most likely won’t change whatsoever in our life time.

Absolutely begging you to read a single article or book on the historical efficacy of trickle-down economics.