Mamdani, the presumptive Democratic nominee to be the next mayor of New York and a self-identified democratic socialist, said Sunday billionaires contribute to inequality.
Nobody should have a right to more than, say, 10 million dollars. Any worth over that, tax it at 100%.
Similarly for companies, tax them dynamically. Ybr bigger the company, the higher the tax. At, say, over a billion dollars, tax it 100%. Limit company sizes to 1000 employees.
This way, nobody is too big, nobody is too powerful, nobody is too rich
I don’t like the idea of limiting company size - there are a lot of advantages of scale. Instead let’s say any company over 1000 employees must be fully employee owned
Crazy inefficiencies is why not. If you’ve ever worked a large infrastructure or construction project you’d see why this doesn’t work. There are advantages of scale. A single company being able to handle the land acquisition, and all engineering alone for a large project is going to be like 10000 people, and that’s without construction. If I had to work with 15 other companies to get a thing built I’ll tell you right now that things never gonna get built. Big companies aren’t the problem, small ownership is the problem. Employee owned (socialist) companies are the solution. It’s not about not scaling, it’s about ensuring that the workers own the means of production. If you want renewable energy, high speed rail, and sustainable district engineering we need to leverage economies of scale. It’s just that we need to set up economic systems that distribute the profits to those doing the work.
Nobody should have a right to more than, say, 10 million dollars. Any worth over that, tax it at 100%.
Similarly for companies, tax them dynamically. Ybr bigger the company, the higher the tax. At, say, over a billion dollars, tax it 100%. Limit company sizes to 1000 employees.
This way, nobody is too big, nobody is too powerful, nobody is too rich
At that point you might as well just go full socialism; 1000 people is just a mid-sized factory.
Uh huh. Fidsized factory is fine. Also, different employees from different companies. Cleaning? Other company. Transport? Different company
I don’t like the idea of limiting company size - there are a lot of advantages of scale. Instead let’s say any company over 1000 employees must be fully employee owned
Nah, 1000.is good. Have different companies work together to do the same sized production. Why not?
Crazy inefficiencies is why not. If you’ve ever worked a large infrastructure or construction project you’d see why this doesn’t work. There are advantages of scale. A single company being able to handle the land acquisition, and all engineering alone for a large project is going to be like 10000 people, and that’s without construction. If I had to work with 15 other companies to get a thing built I’ll tell you right now that things never gonna get built. Big companies aren’t the problem, small ownership is the problem. Employee owned (socialist) companies are the solution. It’s not about not scaling, it’s about ensuring that the workers own the means of production. If you want renewable energy, high speed rail, and sustainable district engineering we need to leverage economies of scale. It’s just that we need to set up economic systems that distribute the profits to those doing the work.