News for hackers. Stuff that matters.

A comment on Abolish Billionaires. Parent comment

Re:Abolish Billionaires by analog31 on Wednesday February 06, 2019 @09:55PM (#19102587)
Personally, I don't go so far as to advocate abolishing billionaires, but I do favor a very high tax bracket like 80 or 90 percent to fund basic redistribution. This would not abolish billionaires, but would make it harder to become a dollar billionaire.

When asked why he robbed banks, Willie Sutton answered: "Because that's where the money is."

[ Parent | on HN ]
Re:Abolish Billionaires by aantix on Wednesday February 06, 2019 @09:57PM (#19102597)
Well, at least you understand that you’re robbing someone.
[ Parent | on HN ]
Re:Abolish Billionaires by happytoexplain on Wednesday February 06, 2019 @10:45PM (#19102831)
This is frankly an absurd reduction, and harmful to rational discourse. While arguing for and against it can be a helpful thought exercise, it's depressing how often I see it simply stated in indignation.
[ Parent | on HN ]
Re:Abolish Billionaires by analog31 on Wednesday February 06, 2019 @10:07PM (#19102657)
Not at all. Taxation isn't robbery at all. The tax system one of the institutions that makes it possible to create great enterprises in the first place.
[ Parent | on HN ]