If you were our supreme leader, how would you prevent private individuals like Musk, Bezos, etc from acquiring their wealth, given it is tied up in the value of very useful companies they created ?
Like, there are tens of thousands slaving for these big companies, and a few on top reaping the rewards.
https://www.moneycontrol.com/news/automobile/do-tesla-employ...
Also, your solution is now how risk/reward works. The employees starting at Tesla today are not entitled to large amounts of the company because they are coming in on a sure thing. The early employees did get a lot of stock. I personally know someone that worked for tesla in sales in 2008 who walked way from 200K shares because he thought they were worthless.
In any case being born rich is lucky for many reasons, but not for you investing in the huge gamble that was Tesla
So if I let you flip a coin, give you nothing on tails and $1 million on head, and you win, will you owe your fortune to luck, too?
L'argent ne fait pas le bonheur… de ceux qui n'en ont pas ~ Boris Vian
Even a single large, stable investor like Warren Buffett can be a huge help for a company for this reason.
My point is that as inequality increases (since everything is being monetized, without no other consideration than gains and profits), we're making the system even worse by lowering tax rate on the rich. Note that I'm French and both candidates for the presidency intend to lower tax on the rich and privileged. It was already reduced a good deal by making marginal tax rate on capital gains from 45 to 30% (1/3 a drop!) and removing tax on high wealth (I would be over K€50 a year, otherwise). I'm paying far less taxes than I'd have under Sarkozy (whose was said to be more fiscal conservative than Macron… go figure).
If you're not, here you go: https://www.givewell.org/
Musk is, bona fide, 100% African American.
Checkmate, atheists.