Is this hoarding? Like how is zuckerberg hoarding by owning shares in the company he founded and runs?
What exactly should he do? Sell all his shares? What happens then? What does Mark zuckerberg do with 100bn in cash? Do you tax it? What does the government do with 100bn in tax revenue? Would they spend it better than Zuckerberg?
Also - the people who bought the shares from Zuckerberg, what do they do? They just paid 100bn for shares in facebook, are they hoarders now? Are they more evil or less evil than zuckerberg for hoarding?
I just don't understand the conversation around these topics. What exactly should we do, apart from complaining about entepreneurs?
These 5 people have approx $1trn in wealth, do you know how long it would take the US government to spend that? 2 months. Do you think congress is actually competent in spending that money? Can they even decide how to spend it? And it's a one off, remember that!
Would that actually make a different to anything? 2 months of larger spending?
Can someone please explain to me what exactly we should be doing? Like exactly? "wealth tax" has serious consequences, how do you deal with those? Are there examples in history where this actually worked? Like actually, taking 50% of people's wealth, and redistributing it?
What happens once these 5 billionaires just leave the USA and go live in new zealand? Or Singapore, or whatever? What happens if the richest 1000 people in the USA leave?
What happens to all the 18 year old entreprneurs who are going to build the next big companies? Will they stay in the USA?
Please, someone, explain to me how this works in practice.