thegreenwookie t1_jd5rkl3 wrote on March 22, 2023 at 12:53 AM

Reply to comment by Spreadwarnotlove in The Age of AI has begun - Bill Gates by Buck-Nasty

No one is suggesting taking companies from those who run them. Just taking the Billions being hoarded and redistribute it.

Spreadwarnotlove t1_jd75g3a wrote on March 22, 2023 at 9:45 AM

You mean the billions being hoarded in physical assets that the company needs to function?

Hotchillipeppa t1_jd97ogu wrote on March 22, 2023 at 7:03 PM

No, the billions in excess profits you dingus

Spreadwarnotlove t1_jd9u31m wrote on March 22, 2023 at 9:26 PM

So you want to stop research and development and expansion? I mean what are you getting at. They don't just sit on the money in the bank. They reinvest it in their own business or buy stocks that help other companies.

Hotchillipeppa t1_jda9xkc wrote on March 22, 2023 at 11:16 PM

If they were putting it back into the company it would be in their budget, not excess profit, a high rate of tax on excess profits encourages exactly what you are describing, the reality is since Reagan wealth inequality has increased, if they were doing what you think they are doing, that wouldn’t be the case.

Spreadwarnotlove t1_jdbewn9 wrote on March 23, 2023 at 4:33 AM

I'm fine with profit tax. But some of y'all are calling for a wealth tax or violent takeover. Which would just fuck shit up for everyone. As for the latter part. I disagree. By reinvesting in their business they will continue to grow faster and faster and the equipment and property they own all will continue counting to their wealth. While the typical person continues to not bother with increasing their income except for through work.