Should billionaires exist? A paid discussion thread.
www.theholler.co
Should billionaires exist? A paid discussion thread.
Join The Holler sustaining member community and chime in!
So I’m reading a book. I’ll probably make a lot of TikToks about it too. It’s Class Struggle Unionism by Joe Burns.
The central idea is that there are those who make money from selling their labor and those who pile up money from the labor of others.
Only by taking the surplus value created by others’ labor can one become a billionaire. So should it be possible for them to exist? Tell me what you think!
This post and other discussion threads are for paid subscribers of The Holler. Sign up now for only $60/year ($5/mo) and chime in while supporting independent pro-working-class media.
Billionaires shouldn’t exist. But should business owners (someone who profits off labor of orhers) exist? The answer to that is probably yes since everyone working only for themselves wouldn’t really lead to much. So to me the question is at what point do we draw the line to say “ok too much of a discrepancy here between the wealth generated for the owner and the wealth/pay for the workers”. Maybe it could be answered by a simple rule, like, an owner of a business can never collect (in pay/stock value) more than 100x the pay of the lowest paid employee, or something. Similar to the disclosure on top pay vs bottom pay at the company, but incorporating the wealth generated from ownership too. I think it would lead to more long-term stock/ownership allocated to more workers. Flatten that pyramid.