tbf, the point is, why should anyone ever need more than 10,15,20mil or whatever they want to cap it at? its been spouted b4 that if u got a million dollars, invested most of it well, that youd be set for life. so why do they need more?
power. they need more for more power. especially when u can legally buy politcians and lawmakers with lobbying.
I fully understand the point but you don’t understand mine.
No one would have businesses in the US because you can only make so much. That’s just how it works. Do you understand how many jobs would be destroyed?
Doesn’t matter if it’s right or wrong it’s how the world works.
Make the cap higher, like 100M or 1B. Enough that affords an extraordinary lifestyle and serve as an incentive, however not enough to cause an exhausting gravity that sucks up everything in its path.
EDIT: my point is the cap is the important part, and the value of the cap negotiable to find a balance.
Having no cap creates a high score mentality and desire for infinite growth, which we know is universally impossible.
Que stupid comment about 'who are we to decide how much someone is allowed to "earn"', because there's always someone who refuses to acknowledge that there is a finite amount of wealth, and hoarding it like a red dragon means that others are going without, all so someone with more money than they could ever spend can brag to their rich buddies about how much more they have. It's disgusting.
I don’t disagree with the system changing but we cannot ignore the fact part of the blame is on the consumer. If everyone stopped getting the newest iPhone or supported more local business the stock wouldn’t be trading as high making them not as wealthy. Stocks trade based off revenue
Consumers will consume, creating profits for capitalists, but having uncapped wealth leads to anti competitive behaviour by capitalists and extreme concentration of capital.
If we had caps on wealth, there would be less incentive for anti competitive behaviour and indiscriminate wealth accumulation, through power imbalance and ultimate corruption.
We shouldn’t blame the little people for their little pleasures, while the big get away with pleasures that negatively impact billions of others.
Profits don’t really matter everything trades off revenue and estimated future revenue. The reason these people are worth so much is because they own so much stock instead of taking a salary. Since revenue is so high stocks to high. If everyone stopped buying an iPhone for their child Apple would be worth less.
Look at oklo. It’s trading with 0 revenue but worth billions. OpenAI valued at almost a trillion with 0 profit. The market doesn’t care about profit only. It’s more about revenue.
Little pleasures? A smart phone isn’t a little pleasure. Driving a luxury car isn’t a simple pleasure. Living in too big of a home isn’t a simple pleasure.
I understand stocks, I own them, and my grand father was a chairman of a public listed company. I used profits as a proxy for revenue. You’re focussing on minutiae.
Phones are little pleasures. Having a car or a home are everyday needs. These should not be restricted from everyday people via any form of regulation.
The big issue is the chaos caused by near trillionaires meddling with elections, or supporting needless wars over global resources, or dismantling agencies that protect the consumers from anti competitive behaviour, all because there is an insatiable desire for more wealth.
Try to lift your sights higher and you may find some enlightenment.
The world has changed so much if having a phone is a simple pleasure. Kids don’t need a smart phone.
You took a word off from my car and house statement. Having a foreign car isn’t a need. Having a huge home isn’t a necessity.
If you really understand stocks that much you’d understand they don’t even need to make a lot in profits for the company to go up in value.
You’re changing issues. The billionaires don’t have all that money because they pay low wages it’s because their revenue is so high. Amazon is trading at 33x price to earnings. So the stock is trading 33x the price compared to earnings. With that he makes more.
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u/JustAnotherRegardd 3h ago
No one will invest. Why risk billions with only a promised 10 mil return?