Polio Is on the Brink of Eradication

Re:Polio Is on the Brink of Eradication by wingworks on Thursday November 23, 2023 @04:55PM (#38397998)

I'd love for this to work, but in practise I feel the owner on the 999m will more likely stop investing in sed company when it reaches 999m and spin up a new company or some other loophole to get around it. (or if it's individual wealth, then they'll use trusts or some of the many other options available to them.)

If there are no options, you better believe they'll create them soon enough.

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Re:Polio Is on the Brink of Eradication by mptest on Thursday November 23, 2023 @05:11PM (#38398178)

>or some other loophole to get around it. (or if it's individual wealth, then they'll use trusts or some of the many other options available to them

Completely agree, it will always be a cat and mouse game. But it's a worthy aspiration, and I'd argue the reason the wealthy have been the cat more than the mouse in the relationship with the state is due only to the budget disparity between them.

Start to shrink the disparity between the enforcement budget (think IRS special forces for the ultra wealthy) and the "avoid taxes" budget and the aspiration looks a lot more doable.

>owner of the 999m will stop investing

Maybe. Or maybe they'll get better and spending rather than hoarding and continuously need to replenish that stock.

Even if these "winners" of a more 'social capitalism' stopped gracing us with their genius, the surplus of wealth in endeavors like free stem schooling for everyone (that wants it) would surely make up for that loss??

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