> Rich enough to never work another day if they don't want to is plenty.
I'm that rich. I'd have to move to an impoverished country but I could do it.
> Producing multibillionares is not a good thing
What about producing people who create products so loved that the people give them billions of dollars?
The "nobody needs..." way of thinking is very Soviet.
Billionaires don't create shit.
Creating value, now, that's a whole different story...
Bill Gates created Microsoft Windows.
If we made a rule that prohibited computers in pockets (I assume smartphones count as computers in pockets) it would have a noticeable affect on peoples lives. Those devices do a lot of very useful things, and greatly reduced the amount of stuff we have to carry around. (Although they do have a downside, such as people getting addicted to social media or exploitive games).
If we made a rule that made it harder and harder to accumulate money the more you have over maybe 10 billion it would not have much of an affect. The people who create products that can make billions of dollars are almost always driven by creative urges, not urges to add another $10 billion to the $100 billion or whatever that they already have.
I think we're in full agreement here. Profit from sales should be distributed to the workers who created the products, who can in turn support businesses that are useful to them, who can in turn support business that are useful to them, and so on. It's the basis of a functioning market economy.
What breaks the system is allowing a tiny group of people to hoard majority of the "wealth" (which is just a social construct and requires cooperation from a willing society, or as it is today, cooperation from a propagandized, overworked, and exhausted society). This gives them unchecked power to dictate what the rest of society does in terms of labour, research, politics, etc.
> The "nobody needs..." way of thinking is very Soviet.
Did you mean "egalitarian"?
And they say this seemingly without realizing that yes, that is exactly by design. This is what we want. Keep your mega wealthy and 3rd world life quality, and we'll here be poor, but can at least attend our children being born without getting fired for it, and giving our mothers a year or more of paid maternity leave, among many many other things we value a hell of a lot more than making our billionaires richer.
https://www.oecdbetterlifeindex.org/countries/united-states/
EU citizens lifespan is also (very roughly) a few years more than us citizens.
Is the purpose of life living a happier, fuller life or being richer? I'd rather take the former than the latter.
On a more serious approach, I guess millionaires in usa will fare better than poor Americans, but at least in Europe you will still have access to some sort of safety net when things get rough. As imperfect as eu might be, I do not get why the hatred is so strong (especially for some libertarian or similar breeds here on hackernews, the thread on eurollm had quite strong opinions on both sides)
Why are you creating a false dichotomy?
America's manufacturing jobs are Chinese today because China had a lower bar for working conditions and pay.
But there's been... progress.