715
Why does China have so many multi billionaires if they are aiming to be a communist country?
(lemmy.world)
this post was submitted on 09 Aug 2026
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Imo there should be a law that limits the sum of assets everyone is allowed to have, say 1M-10M
Again overvalued positions in society are an issue too. People fuckin hate when I say no one should be able to make over 500k$/annually and its like if you can do that you're automatically going to be seeking to consistently enhance either your own riches, someone else's riches or generational wealth w/estate properties paid off in full for 2 lifetimes in a trust that no one can touch and then because rich people involve themselves with politics, even at a local level (you'd be surprised how many people are, "generous donors," to their mayors for favors), they'd get away with being able to probably make it so the property never leaves the city.
You wanna stop the rich make it so they can't earn as much.
OH wait but that whole cost of living and capitalism thing...... Money is just a flawed concept and another thing people hate on me for saying is that humans need incentives to get things done. Whether it's an award with praise or a cash bonus; by now humans need something in return, we're not a naturally do something for nothing in return species.
So you cannot inherit a 1.1M house or artwork? No one would be able to own property in New-York?
Also one needs to account for inflation. In 100 years 1000'000 would be equivalent of what is now 20'000.
Inheritance should be taxed if you really want equal chances lol but ig you dont want equal chances, one person can inherit millions the other inherits nothing, yeah thats fair /s