this post was submitted on 12 Jun 2026
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It's a sign of a failed system, but even billionaires are too much. No one individual/family should have that much wealth or power. The first billionaire was just over 100 years ago, and look at us today. The point is, once someone has that amount of wealth, reality bends around them making them powerful enough to protect themselves. They then influence the state which is not there to represent them, but us. All serious nations must consider a 100% wealth tax on anyone with over 10 million in net worth. Capitalism has made it a long time, sure. And one could argue life at the bottom is marginally better than feudalism or whatever, sure. But obviously we're at the end of the experiment and need a reset.