There’s a difference between making profit and becoming one of the richest person in the world, in the second case it means you clearly made too much profit by selling for a higher price than required.
Let’s play ball here too. So by definition there’s always going to be a richest person in the world - let it be with a difference of 100 dollars to the median or a billion dollars or 100 billion dollars. Who gets to decide who is the richest person and by what means? Clearly it shouldn’t be a business person so would it be a politician, a dictator, a president or who? And how should we restrict entrepreneurs getting there without destroying every company and therefore making everyone unemployed because there’s no incentive to run a business anymore? How would we balance risks with gains if we are not allowed to make a profit?
A richest person will always exist, there’s no reason why that richest person couldn’t have
500k in their bank account while the median is at 250k though.
The fact you’re setting an arbitrary limit of cash in a bank account shows how little you’ve thought about this. Rich people have money in the bank, sure, but the vast amount of their wealth is in stocks, property, and other assets. Also, assuming rich people have one bank account they keep all their money in is foolish. You have to spread your cash around to multiple accounts and even banks in order to not exceed the amount the government is willing to insure.
I dumbed it down to the level of the people who are defending billionaires. No one should be allowed to have multiple millions or billions in wealth while people are starving even in rich countries.
The 1 was a typo and in a perfect world where wealth is distributed equally, 500k would be a whole lot.
Heck, even today in rich countries, 500k in savings is an anomaly. 78% of US citizens live paycheck to paycheck, having 10k in saving is something they can’t fathom, 500k is a whole fucking lot.
There’s a difference between making profit and becoming one of the richest person in the world, in the second case it means you clearly made too much profit by selling for a higher price than required.
Let’s play ball here too. So by definition there’s always going to be a richest person in the world - let it be with a difference of 100 dollars to the median or a billion dollars or 100 billion dollars. Who gets to decide who is the richest person and by what means? Clearly it shouldn’t be a business person so would it be a politician, a dictator, a president or who? And how should we restrict entrepreneurs getting there without destroying every company and therefore making everyone unemployed because there’s no incentive to run a business anymore? How would we balance risks with gains if we are not allowed to make a profit?
A richest person will always exist, there’s no reason why that richest person couldn’t have 500k in their bank account while the median is at 250k though.
The fact you’re setting an arbitrary limit of cash in a bank account shows how little you’ve thought about this. Rich people have money in the bank, sure, but the vast amount of their wealth is in stocks, property, and other assets. Also, assuming rich people have one bank account they keep all their money in is foolish. You have to spread your cash around to multiple accounts and even banks in order to not exceed the amount the government is willing to insure.
I dumbed it down to the level of the people who are defending billionaires. No one should be allowed to have multiple millions or billions in wealth while people are starving even in rich countries.
Ah yes, the old “I was only pretending to be dumb” excuse.
1.5 million is not a lot of money when you’re talking about the richest person.
The 1 was a typo and in a perfect world where wealth is distributed equally, 500k would be a whole lot.
Heck, even today in rich countries, 500k in savings is an anomaly. 78% of US citizens live paycheck to paycheck, having 10k in saving is something they can’t fathom, 500k is a whole fucking lot.