The person with 100 million is closer in wealth to the homeless person you pity than they are to a billionaire.

It’s an unimaginable amount of money

Now that’s putting it into perspective … holy shit

Need millions to retire even in Canada.

Wealth hoarders are the problem. Millionaires aren’t wealth hoarders, and any multi-income home that lives a frugal lifestyle can become millionaires before they retire (and they’ll need to, if they don’t plan on working into their 80s).

But there should be no such thing is a billionaire, let alone, a billionaire with HUNDREDS OF BILLIONS of hoarded wealth.

Sure, we can tax them more (and should!), but we should also design a system where wealth hoarding isn’t incentivized. It should be actively discouraged, and punished at a certain point.

I don’t understand how to achieve it though, a tax on net worth, with brackets starting at 100 million?

Implementation isn’t a consideration until society gets serious about doing it.

Wouldn’t they just move their money over a place that would hide it?

Make that a crime. Tax evasion or worse. Jail wealth hoarders if they don’t comply, because they are destroying lives and don’t deserve to play games.

There is nothing stopping your millionaire ass from donating that money to the government. Always good to pretend you’re being prevented from doing that though.

Design? Hmm. What system are you or we designing?

There is one that is available but you won’t look at it. Democracy in the workplace is what we should have but again no one wants it.

So again, what system?

Donations from one person aren’t going to do much good. At best, it’ll provide a bit of short term relief. The system that enables billionaires to exist is still in place, which means they’ll just suck up anything that this one person donates, leaving us with one less caring person capable of enacting further change and amoral corporations becoming more powerful.

We need to change the system so that everyone contributes. It makes little sense for any single person to contribute when no one else does because you gain much less than what you put in, but if everyone contributes, then you get the opposite scenario where everyone gains more than what they put in. That’s why taxes exist in the first place.

Way to miss the point.

They’re part of the problem, but you can become a millionaire ethically, not a billionaire.

Millionaires with a few million dollars aren’t the problem

The biggest problems are the handful of billionaires and the billionaires that are not Canadian but have a strangle hold on companies or corporations that affect Canada.

If the government could just tax the ever loving shit out of billionaires, they’d remove the single root cause of a lot of problems in the country and actually allow some sort of competition in all industries. This would allow the economy to spread the wealth to more Canadians than to a bunch of non-aligned billionaires who could care less what country they are attached to because their wealth is so great, they are basically their own country at this point.

Millionaires aren’t the problem … Billionaires are

I hear you, and i agree. I don’t understand how to achieve it though, a tax on net worth, with brackets starting at 100 million? Wouldn’t they just move their money over a place that would hide it?

A million seconds is approximately 11.5 days.

A billion seconds is approximately 31.7 years.

What is your question?

Society should be structured so that billionaires cannot exist.

Wealth should be redistributed so that a hand full of people aren’t worth more than everyone else.

Profit sharing should be law in all businesses, so that trillion dollar companies are paying all their employees (and their supply chain) enough to make a very comfortable living.

No single individual should ever be allowed to have so much wealth that they can control governments. The fact that we do points to a massive problem in our society’s structure.

There are 101 ways that we can fix this problem, and it’s not going to happen until we actually get serious about fixing this problem.

And by we, I mean the 99.9% of us who are struggling to get by because a handful of people “need” to have every single dollar in existence.