Should Billionaires Exist?

Tomstro · Feb 10, 2026

lionaire said: ↑

Your comment calling me bloodthirsty was you giving an opinion about billionaires.
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No, that was about you

lionaire · Feb 10, 2026

Tomstro said: ↑

No, that was about you
Click to expand...

Billionaires accumulated their wealth by exploiting the working class. They turn around and use their wealth to influence politics that dictate how our lives operate. And now we have confirmation that nearly every prominent billionaire in this country was an active participant in a child trafficking ring. I don't see them as human. If that makes be bloodthirsty then so be it.

Tomstro · Feb 10, 2026

lionaire said: ↑

Billionaires accumulated their wealth by exploiting the working class. They turn around and use their wealth to influence politics that dictate how our lives operate. And now we have confirmation that nearly every prominent billionaire in this country was an active participant in a child trafficking ring. I don't see them as human. If that makes be bloodthirsty then so be it.
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Should we kill Soros too?

lionaire · Feb 10, 2026

Tomstro said: ↑

Should we kill Soros too?
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Sure

Tomstro · Feb 10, 2026

lionaire said: ↑

Sure
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What about when Taylor Swift becomes a billionaire?

What about Lebron?

lionaire · Feb 10, 2026

Tomstro said: ↑

What about when Taylor Swift becomes a billionaire?

What about Lebron?
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Do they own factories? Are they exploiting the working class? Did they inherit their wealth from people who did?

Tomstro · Feb 10, 2026

lionaire said: ↑

Do they own factories? Are they exploiting the working class? Did they inherit their wealth from people who did?
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Of course they exploit the working class. They’re billionaires. Everybody doing everything for them. Taylor swift tickets were 5k and up for her fanbase of teenage girls. That is super greed!

ok so we just take their money but let them live?

lionaire · Feb 10, 2026

Tomstro said: ↑

Of course they exploit the working class. They’re billionaires. Everybody doing everything for them. Taylor swift tickets were 5k and up for her fanbase of teenage girls. That is super greed!

ok so we just take their money but let them live?
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Me getting ready to pull the trigger on my goat

glynch · Feb 10, 2026

Kemahkeith said: ↑

I'm pretty sure I heard on the news this morning while brewing my coffee that California was going to set up an extra tax on billionaires. I don't have any information on it, but someone not at work might want to look it up for us. I believe I heard it will be a onetime 5% tax on total assets.
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A great idea. The billionaires will spend many millions to defeat it.

glynch · Feb 10, 2026

K9Texan said: ↑

Apparently Newsom wants billionaires in California, or at least their money.

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The Repugs, even the poor misguided little MAGA as we see here can act like they give a crap about ordinary folks especially when attacking Democrats.

tinman · Feb 10, 2026

rocketsjudoka said: ↑

This has been a centerpiece of Sanders' campaign and Chuck Todd asked Bloomberg this question directly "Should you exist?" This has also been touched on in several of the Sanders' threads but I'm going to ask it directly including a poll to see what Clutchfans think.

I've also been discussing this issue in a Philosophy salon group i'm in. I've brought up Adam Smith and the dreaded name of Ayn Rand. I do think there is something to the philosophy of Egoism that those who are able to create more should reap even outsized benefits from their creations. That society is advanced by the creator and if those people should just expect the admiration of society and a decent livelihood but not material wealth in the long run society will not benefit as much. Following Adam Smith such people will not seek to maximize the benefit of society through their efforts if they can't expect as much reward. I won't go as far as Rand though and say that it is a crime to expect someone to work without being able to maximize their financial benefits.

For example if someone where to figure out a way to solve climate change without creating a lot of economic dislocation I think such a person deserves to make a billion dollars or more and wouldn't expect them to solve climate change just from their own concern for the state of Humanity. My own view is that to solve climate change we need to figure out how to monetize it more and encourage a profit motive to solve it.

At the same time though I agree that the wealth gap is a problem and there are structural problems with a prolonged and exaggerated wealth gap. My own view is that we need to figure out a way to address it that doesn't just focus on taxing billionaires to the point that there aren't billionaires. I feel that is simplistic and is an argument based more on class resentment than actually solving the wealth gap.

I've said this election is a tipping point and one of these is the philosophical argument regarding Socialism and Objectivism. Obviously this argument hasn't been brought up in philosophical terms as voters have very little interest in philosophical discussions but it is there in this campaign. It was summed up when Bloomberg talked about how he worked hard for his wealth and Sanders countered that he didn't and it was his workers who did. Right there Sanders is taking the Marxist view that wealth is created by the laborers while Bloomberg is essentially quoting Rand that he has the founder of the company and it's leader created that wealth. While his employees carried out his vision without him there wouldn't be a company to work for.

And I'll head off the quote, "There are two novels that can change a bookish fourteen-year old’s life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs."
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Yeah and they about leave California breh
@Space Ghost
@Salvy
@Os Trigonum
@ROXRAN

bye brehs!!

tinman · Feb 11, 2026

K9Texan said: ↑

Apparently Newsom wants billionaires in California, or at least their money.

Click to expand...

Too late breh
@basso

The Captain · Feb 11, 2026

lionaire said: ↑

Me getting ready to pull the trigger on my goat

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What did Jordan do to you?

SamFisher · Feb 11, 2026

adoo said: ↑

Calif Republican Billionaire Palmer Luckey,
has opted to investing another billion $ in Calif for his hi-tech company, Andruil Industries.

In addition, he has just gotten approval to start his new bank in Calif, Erebor, which will cater to tech startups and wealthy individuals.
Erebor will reportedly be launched with $635 million in capital, and will fill a space left by the collapse of Silicon Valley Bank.
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Not sure if there's a better advertisement for "Billionaires as a policy failure" than every photo, audio or video recording of Palmer Luckey.

Society doesn't need this type of leech - he should just be annoying guy that you could ignore, not a siphoner extraordinaire

tinman · Feb 11, 2026

@Salvy
@ROXRAN
@edwardc

lol

adoo · Feb 19, 2026

Sanders and Newsom clash over proposed tax on California's billionaires

out-of-towner Bernie is on the wrong side;
he---having never lived in Calif---needs to stay in his lane.

adoo · Feb 19, 2026

SamFisher said: ↑

Not sure if there's a better advertisement for "Billionaires as a policy failure" than every photo, audio or video recording of Palmer Luckey.
Click to expand...

just the opposite

Despite the high income tax in Calif, Palmer Luckey has continued to invest in Calif

adoo · Feb 19, 2026

tinman said: ↑

Click to expand...

Global Private Equity Titan, The BlackStone Group,
just announced a $2.5 billion investment in Calif ,

buying Champions Group Holdings, a leading HVAC, electrical and plumbing service provider based in Irvine
Click to expand...

tinman · Feb 19, 2026

rocketsjudoka said: ↑

This has been a centerpiece of Sanders' campaign and Chuck Todd asked Bloomberg this question directly "Should you exist?" This has also been touched on in several of the Sanders' threads but I'm going to ask it directly including a poll to see what Clutchfans think.

I've also been discussing this issue in a Philosophy salon group i'm in. I've brought up Adam Smith and the dreaded name of Ayn Rand. I do think there is something to the philosophy of Egoism that those who are able to create more should reap even outsized benefits from their creations. That society is advanced by the creator and if those people should just expect the admiration of society and a decent livelihood but not material wealth in the long run society will not benefit as much. Following Adam Smith such people will not seek to maximize the benefit of society through their efforts if they can't expect as much reward. I won't go as far as Rand though and say that it is a crime to expect someone to work without being able to maximize their financial benefits.

For example if someone where to figure out a way to solve climate change without creating a lot of economic dislocation I think such a person deserves to make a billion dollars or more and wouldn't expect them to solve climate change just from their own concern for the state of Humanity. My own view is that to solve climate change we need to figure out how to monetize it more and encourage a profit motive to solve it.

At the same time though I agree that the wealth gap is a problem and there are structural problems with a prolonged and exaggerated wealth gap. My own view is that we need to figure out a way to address it that doesn't just focus on taxing billionaires to the point that there aren't billionaires. I feel that is simplistic and is an argument based more on class resentment than actually solving the wealth gap.

I've said this election is a tipping point and one of these is the philosophical argument regarding Socialism and Objectivism. Obviously this argument hasn't been brought up in philosophical terms as voters have very little interest in philosophical discussions but it is there in this campaign. It was summed up when Bloomberg talked about how he worked hard for his wealth and Sanders countered that he didn't and it was his workers who did. Right there Sanders is taking the Marxist view that wealth is created by the laborers while Bloomberg is essentially quoting Rand that he has the founder of the company and it's leader created that wealth. While his employees carried out his vision without him there wouldn't be a company to work for.

And I'll head off the quote, "There are two novels that can change a bookish fourteen-year old’s life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs."
Click to expand...

@Salvy
@ROXRAN
@Jontro
@RB713

Jontro · Feb 20, 2026

tinman said: ↑

@Salvy
@ROXRAN
@Jontro
@RB713

Click to expand...

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