I was also mildly irritated by the statement that people like Bill Gates and LeBron James already have so much money that they would never miss whatever else was taken by a 70% marginal tax rate. Isn't that the same rationale employed by those who steal from work?
The people who make this argument see wealth after a certain point not about buying things, but instead about buying people and buying culture. Aka it is not about you providing with a private plane that can fly any time you want to anywhere, it is not about what food you eat, what tv you watch, what prostitute you sleep with, etc.
After a certain point having more money is not about food, water, warmth, rest, your personal security, your personal safety. After a certain point your wealth is about intimate relationships, friends, and after that it is about prestige and feelings of accomplishment not your friends, not your bodily desires, not your bodily needs, but instead it is all about prestige, feelings of accomplishment, and dreamcasting ego.
And people, many people, will argue what is wrong with prestige and feelings of accomplishment?
Well after a certain point these people who argue against billionaires, calling it a policy failure, they say you are not treating people like people but instead you are buying people much like how feudalism worked 1300 to 600 years ago.
Feudalism completely warped the culture around it, by who has power and who did not, it was about leverage, and having wealth that is 16,000 times the yearly income of the mean (not median) person in the United States this is a bad outcome. These people who argue against what they see as feudalism will continue if you look at a billionaire that means their wealth is 56,000 the median yearly income of a person in the United States. Having 56,000 times the median yearly income of a person in the United States allows you leverage and control on these people.
The people who are against Billionaires, do not neccessarly see Billionaires as a king, but you are a prince / principal that warps everything around you.
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Now you can disagree about this moral philosophy or you can agree with it. That is the joy and horror of moral philosophy for it remains entirely in the realm of ideals.
But lets be honest about Billionaires (this is my view), as a movie about history said in the past. It's GOOD to be the KING!