What are the best steps to reduce the wealth of billionaires?

There are a myriad of news articles here on Lemmy that display the abhorrent influence billionaires have on our society (especially the US, where I reside). I consistently read comments where the posters appear hopeless and despondent of the situation, while others jokingly refer to the guillotine.

As for myself, I have recently found myself with a lot of free time on my hands after being laid off and want to gather ideas on what would be the best hypothetical route to solve this issue. Let me be clear: These are only THEORETICAL IDEAS and I do not condone any illegal activity.

Historical precedent: While I am not intimately familiar with the inner workings of the Occupy Movement, I do know that they were constantly attacked as being unorganized and lacking structure. It would be wise to not fall into the same pitfalls if those were accurate assessments.

Logical formulation: The foundations of the key points of the movement must be logically sound to withstand any external (and internal for that matter) scrutiny.

Motto: If a motto or slogan is chosen, it must be unambiguous so that attacks are directed to the movement, not the motto itself.

I am also aware that most people can’t spare any time to these kind of movements. Similar to the Texas seceding news, many commentators have noted that most Texans are living paycheck to paycheck and wouldn’t be able to dedicate any time to their cause. I would understand that would be same for this cause as well. However, since I have the time right now, I only ask for your ideas.

Broad issues: High cost of living (mortgages, rent, groceries, etc.) Inflation Homelessness

Philosophical underpinnings: Is there a Threshold of Greed? If so, what is too much wealth?

Possible means of reductions: Voluntary donation or renunciation of wealth past a certain point (highly unlikely) Taxation (also unlikely) Seizing assets (illegal and would most likely set a poor precedent)

It might also to organize an open database of billionaires with their respective fields (Forbes is closed) to help organize a boycott of some sort Though I suspect their fingers are in everything and it would be highly impractical.

Sorry for the word diarrhea. What are your thoughts?

Landmammals,

Execute all the billionaires, starting at the top. Continue until the desired number of billionaires is reached.

Hypothetically.

chunkmcbeefchest,

Remember that company that made the base pay $70,000 for everyone. News was predicting (hoping) they would fail in a year. They didn’t, and big surprise, they have amazing staff retention. We need more companies like that. Places that pay well where people want to work. They would eventually pull away all the talent from the horde companies and shut them down. It would be a long fight, but glorious to see the workers sip tea and watch their old companies fail. This is how you beat the current system, by making egalitarian companies that can actually compete with them, where people are proud to work and get paid a living wage.

scottmeme,

Meat grinder

someguy3,

Unions.

Anti trust enforcement.

Squizzy,

deleted_by_moderator

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    jadelord,

    Taxes! But different. This channel is very informative:

    www.youtube.com/watch?v=sEdx1BIb1x0

    The first Episode of Sabrina Live! is called How the Rich Don’t Pay Taxes. All the rich need to do is use three simple steps: “Buy, Borrow, Die.” In this episode, Rich Kid attempts to buy a $50 video game after purchasing a $1 Pokemon card. He then leaves his Pokemon card to his son - Rich Kid II.

    www.peoplestaxpage.org.

    beebarfbadger,

    No need, I’ve been hearing that it’s good when they get all the money shoved at them BECAUSE, and hear me out now, they may or may not choose to maybe trickle some of the wealth they don’t obsessively hoard or burn on pleasure trips into space back onto the population.

    They’re bound to start doing that aaaaaany decade now…

    ComradePorkRoll, (edited )

    I hear what you’re saying. I don’t see the methods you listed working under our government as our system has this flaw where the laws enforced tend to depend on which party is in charge.

    That being said, organize your workplace. I’m personally fond of the Industrial Workers of the World as we are the only union that has an anticapitalist stance and our industrial organizing methods make it harder for employers to create division amongst the workers of a workplace (ie: separate unions for school teachers and school maintenance staff).

    FabioTheNewOrder,

    The best steps would be the ones taking them to the guillotine

    Coach,

    Shop local.

    Oh, yeah…and guillotines.

    TexMexBazooka,

    Guillotines

    GiddyGap,

    Taxation (also unlikely)

    I think this is the most feasible way, and it work relatively well in other Western countries than the US. They still have billionaires, but fewer due to higher taxation. If put in place through referendum, it also creates a basis for societal approval of stripping very wealthy people of their excess wealth, lowing the risk of widespread revolt.

    an0nym0us,
    @an0nym0us@lemmy.dbzer0.com avatar

    Unapologetically behead every last one of them.

    Sagifurius,

    They wouldn’t exist if the currency wasn’t worthless, maybe linking cash to reality again would fix it? The real terms richest man corrected, even today, was a Roman so just get us back on gold.

    zettajon,
    @zettajon@lemdro.id avatar

    Tax any loans using stocks as collateral. If they try to hide their wealth through an LLC, subject that LLC to a high wealth/business tax as well. Go full scorched earth on all billionaires.

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