Ive often seen individuals on the left talking about how billionares shouldnt exist etc., but when probed on how that could be accomplished the answer is usually just taxes or guillotines. I dont think either is great.
What if instead, corporations were made to be unable to be sold or owned. Initially theyre made to default to popular election for their board, and after that they can set up a charter or adopt a standard one, ratified by majority vote of their employees.
Bank collapse would probably follow, how could that be remedied? Maybe match the banks invalidated stocks with bonds?
“Rich” is a relative term. But nobody starts a business when their basic needs aren’t already met, because they literally wouldn’t be able to. That inherently makes them richer than the job seekers.
People start businesses all the time when their “basic needs aren’t met” because they need to earn money to be able to meet their basic needs.