this post was submitted on 11 Jul 2024
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I'm not opposed to being rich, or really even being filthy rich, I think the fair chance of being able to live lavishly is a great motivator for folks to shoot for their best ideas.
What I am opposed to is being so obscenely rich that it would take several generations of chronic mismanagement for your descendants to manage to blow through the funds within a time limit of "by the end of the 22nd century."
Most generational wealth has reduced to being a small supplement for the recipient to supplement still having to work for their living with by the time the original person who built it up's grandkids have had their turn with it, maybe the great grandkids if the family makes it a point of staying grounded and using the wealth wisely.
That's not even from blowing through it like madmen, it's from how many people it's getting divided among by then and how likely any one of those individuals are to just decide they don't need to work anymore on getting access to it.
I'm fine with people having money, but there should be a hard cap.
Billionaires do not need to exist.
There doesn't even need to be any kind of cap, they just need to pay more taxes and be prohibited from buying politicians.
At some point people do not actually become happier from additional wealth. If you create a system where people are allowed more than that you are just giving them power over vast quantities of resources for no particular reason. It becomes an incentive only for those whose lust for more cannot be satiated and is anti democratic by it’s very nature.
That's actually not entirely true, although what is true is arguably even worse.
See money does keep buying you happiness....just in diminishing returns.
So basically, the ultra wealthy are drug addicts forever chasing the satisfaction they once knew when they got their first big hit having achieved an independent standard of living, but every dose is less and less effective even as they keep upping it, eventually they die strung out and paranoid of everyone around them.