alt Hacker NewsIf someone founds a company, grows it and owns $1bn of its stock, they don’t have $1bn in cash to distribute. They have a degree of control over the economic activity of that company. Should that control be taken away from them? Who should it be given to?
I can see an argument when it comes to cashing out, but I’m not clear how that should work without creating really weird incentives. Some sort of special tax?
> Some sort of special tax?
Well yeah. After some amount, you get 100% taxes. So that instead of having billionaires who compete against each other on how rich they are or on the first one to go contaminate the surface of Mars or simply on power, maybe we would end up with people trying to compete on something actually constructive :-). Who knows, maybe even philanthropy!