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Hating billionaires but loving capitalism is like hating kings but loving monarchy.
@aral I hate the king, I could do it better
@aral for legal reasons this is not about spanish monarchy but about the feeling being expressed in the post and an analogy referring to billonaries
@gabboman It’s so sad you have to say that while living in a “democracy.” The state of our democracies today… *smh*
@aral You should replace "capitalism" with neoliberalism. I believe that there are social forms of capitalism that can work very well.
I don't know. I can't think of any version of capitalism that won't result in the very wealthy. I agree there may be versions of capitalism that can work well, but I don't think that's the same thing as not creating billionaires.
I think capitalism requires a tolerance for a relatively high level of inequality, else it's shifted passed the (notoriously difficult to define) system of capitalism into something else.
@FantasticalEconomics @aral Let’s say there is a 100% tax rate above a wealth of 100 million (or pick your number)
@can The only form of capitalism I’ve seen in practice has been neoliberal so I’m just going with what I know :)
@aral fair enough 