Paul KrugmanThis is not the dystopia we were expecting https://www.nytimes.com/2022/12/19/opinion/columnists/elon-musk-twitter-oligarchs.html
Raven Onthill@pkrugman …but we should have been. Such people are common in the history of aristocracy and monarchy. I snark about aristocratic personality disorder, and really it isn’t a personality disorder, but it’s a real problem. We only thought we ended aristocracy with the Revolution. What would it take to truly end aristocracy?
Graydon@ravenonthill @pkrugman Income and asset caps.
Aristocracy is a formalized rationalization (well, one of a bunch of a range of rationalizations) for the legitimacy of guaranteeing wealth and the generational transfer of wealth.
If nobody can get rich, no aristocrats.
Don't do it slowly with the tax system; that's been tried and failed.
min(median income, mean income) x 10 = max annual income.
THIS YEAR'S max annual income x50 (you worked from 20 to 70 at max, somehow...) is the asset cap.
@ravenonthill @pkrugman And you do this all at once and as fast as you can, and you ideally do it while extirpating limited liability from everything and certainly the limited liability corporation.
LLCs fatally distort prices -- it's free if the people you're exploiting/poisoning/murdering lack the political power to stop you! -- they permit the CEO to be supreme sole autocrat of a domain.
That's the big emotional need people have that makes them want to be an aristo, and we should kill it.