The government needs to make it undesirable to become a billionaire. There should be an upper limit as to how much money you can have.
Most of the world's problems are caused by millionaires trying to become billionaires - Beyond a certain point, it's all zero-sum games that destroy society.
No one complains when the government creates regulation to artificially help boost rich people's wealth but if I make a comment about artificially limiting billionaire's wealth, people who are not even billionaires care about that? Even though it doesn't affect them personally??
Then they go around preaching the doctrine of capitalistic self-interest.
The law of capitalistic self-interest according to Milton Friedman basically says: Take the money from wherever you can get it, however you can get it. Billionaires have a lot of money, so why don't we all collaborate and take it? Why the double standard?
Why is everyone collaborating against the lower and middle classes? If you're reading this, you're the middle class! Unless these billionaires are paying you to down-vote, the law of capitalistic self-interest says screw them.
Nobody but you used the statement "artificially limit wealth" anywhere. Obviously the Japanese have some policies in place which discourage these social menaces from growing and taking over their political system. What's wrong with adopting some of those? Works for them, and doesn't impact their prosperity or standard of living in any way.
Did you read the comment that I originally replied to? Dude said that in plain text.
Japan is a funny case actually. Massive corporations play a big role there. Both historically and nowadays. Yes, those big corporations take care of their workers. But it doesn't change the fact, that the rich are barely limited in that country.
If nobody knows what is required to get 70% correct and their expectation (based on past experiences) is at 10%, then if they want to succeed, they'll work as hard as they can regardless.
Maybe the test is extremely long and challenging and basically no one will even score 50%.
That is actually the reality of capitalism. Basically no one becomes a billionaire and almost none of them could have planned for it.
You don't need to keep multimillionaires working; after a certain point, they add no new value. Just look at Facebook, after Mark Zuckerberg became billionaire, it was all negative-sum games. It would have been better if he had just retired to Hawaii and let someone else have a go. Why keep the guy under this illusion that he is still playing a fair game? He is not playing the same game as he was playing when he was in his Harvard dorm room... And even that game was way easier than the game that 99.9% of people alive today are actually playing.
USSR was a sweet test case. End result was that people didn't bother to put in much effort since there was little to gain. Which resulted in inefficient economy missing target after target.
Students in USSR were sent to state farms to help local workers. Those farms were stupidly inefficient. Because of that a lot of produce was rotting out in fields. My mom was sent in as well when she was a student. Being a naive city girl she did double the worker's quota on her first day. Next morning local workers told her to slow down because otherwise quotas would be raised for everybody.
Most of the world's problems are caused by millionaires trying to become billionaires - Beyond a certain point, it's all zero-sum games that destroy society.