2025-08-17 17:35 UTC
Replies (7)
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@jay_peper@chaos.social 2025-08-17 17:36
(And yes, this includes your personal favourite billionaire(s))
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@AnnyJoe@mastodon.world 2025-08-17 20:28
@jay_peper > The existence of billionaires is a market failure I don't know anything about economics, but it seems to be a feature of capitalism. 🍕
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@kevinrns@mstdn.social 2025-08-17 20:52
@jay_peper Like when arteries have restricted blood flow, the artery can balloon dangerously with a system risking accumulation, billionaires are system dangerous accumulations of financing, needed elsewhere, risking death to the system, just like a brain aneurysm. It's a killer. https://my.clevelandclinic.org/health/diseases/16800-brain-aneurysm
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@PedestrianError@towns.gay 2025-08-18 01:27
@jay_peper The other day I saw J.B. Pritzker say you shouldn't judge people for their income. I don't. If somebody is a pop star and sells so many CDs or concert tickets or accessories that they make a billion dollars, fine. But you can't keep it and your integrity. If you make that much, EVERYONE who contributes to your success (including contractors & menial laborers) should be paid very well & you give the rest away. It can come in, but there's no excuse for hoarding it.
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@awkapuma@mastodon.social 2025-08-18 02:58
@jay_peper I think is not a failure, its the system working well. Neoliberal capitalism working good, always concentrates wealth.
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@bewilderbeast23@mastodon.social 2025-08-19 20:33
@jay_peper Legislative failure; Competition failure; Representative failure; Fair taxation failure ;
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@BeaverGEGLChamp@mastodon.social 2025-09-03 13:57
@jay_peper Instead of expanding the government to solve this problem get rid of the government monopolies that enable most of them. Abolish all idea based patents, make it illegal to own land without occupancy and use (abolish landlordism) Remove all tariffs, subsidies, exclusive tax breaks and bailouts and favoritist laws that corporations lobby for (corporatism). This won't abolish billionaires it will just make it really difficult to become or stay that rich, markets freed from capitalism.