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More than 1 million children lost access to food benefits after Trump bill passed
(www.theguardian.com)
this post was submitted on 26 Jul 2026
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That would be a communism level nightmare that would do nothing but end up how communism always does - extreme poverty for all but the ruling elites, millions of deaths.
Also virtually no one has an income per year of over $100 mil, by design.
When you incentivise people not to work, unsurprisingly a massive percentage of the population will happily not work. This means income tax dries up, jobs disappear, productivity plummets, and the rich people whose companies produce everything just say fuck it because the government is trying to confiscate all their money, close their businesses, and move to an island. Then virtually all produce and products are gone, there’s no work, and as such there’s no tax revenue at all, and the entire population is dependent on the government getting that tax revenue.
So you see the issue?
Those things are happening right now under capitalism. No system is immune from corruption. That's why it's so important to stamp it out when you see it.
No one should earn over $100mil full stop. The design is flawed.
I don't really see the issue. With all our technological advancements, people shouldn't have to work as much as they do. I would love to see people have more time off. Yes some would sit around and do nothing, maybe they need the rest, but I think the majority would get bored and do something they actually wanted to do. In would be a net positive for society. Parents could spend more time with their kids.
I do understand how hard it would be to achieve. But I believe it's possible.
It’s not possible because again, it all depends on the government taking infinitely more tax revenue than they do now, while incentivising people to not work and not pay tax, meaning less tax revenue than before……while needing significantly more…..there’s no way in which you can get triple figure multiples more tax revenue by incentivising people to not pay tax.
The idea that earnings should be capped is ridiculous, and nothing but jealousy. Anyone earning that much a year is pretty much guaranteed to be providing tens/hundreds of thousands of job, hundreds of billions/trillions in revenue and taxes, and deserves every bit of that money. Those people generally took massive risks, financially/socially/relationship/lifestyle/etc wise, and it paid off.
The last thing anyone should be doing is disincentivising people from doing that.
That's just not true though.
I understand the importance of a CEO. It's a difficult job and requires dedication. But how can you honestly say they deserve to earn x1000 times more than someone who works just as hard but doesn't have the right connections.
Then there are shareholders. They use their wealth to aquire more wealth. Yes they make decisions about where the company should make investment but they also only care about one thing, portfolio growth. This leads to loopholes in tax laws, private equity gutting companies, attacks on workers rights and criminal cover ups.
No one earns a billion fairly. Just because you are well off doesn't mean you deserve to be. The notion that 'these people create jobs' is a cop out. These people need to be reigned in.
I've seen figures saying total billionaire worth is $21trillion. Divided equally, that would give every person on Earth $2500. I don't know about you but that would help me enourmously. And imagine the difference it would make to someone from Iraq or Sudan.
Obviously it wouldn't make sense to just hand it out like that. It's just an example to show how much wealth is owned by those who don't actually need it. They're not even doing anything useful with it and would still be unfathomably rich if they gave some away.