Comment by firebat45 | Hacker News Reader

Comment by firebat45 | Hacker News Reader

Parent Full thread

This is such a naive viewpoint. Let's say that people are not allowed to have more than 10 million dollars, but corporations are. Then it wouldn't be Zuckerberg's money, it would simply be Facebook's, wielded by Zuckerberg.

I hope you can see the ridiculousness is saying that corporations should be limited in wealth as well, but even if you can't, let's assume they are limited the same. Now it becomes easier to buy them off, because they are comparably smaller.

The only logical solution is to allow both corporations and individuals to accumulate as much wealth as they are able to. Rich people aren't the problem, corrupt people are. Instead of trying to make rich corrupt people less rich, why don't we try to make them less corrupt instead?

Your argument is founded on naivete.

Of course doing something halfway would not accomplish much.

Just who is buying off these corporations if no one has vast wealth?

Foreign entities? Of course, we should ban that as long as we’re at it. Next you’ll have people using vastly superior foreign products, we better ban that as well. And if people decide to leave the country en masse because they’re too morally weak and desire wealth, we can’t have that either, so better build a wall.

We should just tax income over $10 million at 90% for both people and corporations. Maybe then we could have an actual healthcare system

> We should just tax income over $10 million at 90% for both people and corporations.

People - maybe. But why corporations? Isn’t that double taxation? The only way money leaves a corporation is through people which will be taxed eventually.

As for the healthcare system, it doesn’t need more money. It needs an extreme regulation and red tape shake up. We could have vastly better healthcare today for the same amount of money that’s already there if not for the bureaucratic mess and an army of administrators tending to it.

If you don't tax corporations then people will just buy their mansions and yachts through the company.

Double taxation already happens today.

Reply on news.ycombinator.com