It's a good argument against social democracy and for socialism. If you just try and tax the billionaires more, they'll find ways around it to an extent. But ultimately their wealth is tied to things in the real world. Most of Bezos' wealth is tied up in Amazon, we can just take Amazon away. Bill Gates and all that farmland he bought - c'mon, easy answer. Or some rich fuck has all his money in T-bills and muni bonds, well we run the govt now so you're not seeing that money again.
Even if they tried to sell their investments to people outside of a potential revolutionary socialist state, these investments are all tied to real productive forces that we can expropriate.
It's a good argument against social democracy and for socialism. If you just try and tax the billionaires more, they'll find ways around it to an extent. But ultimately their wealth is tied to things in the real world. Most of Bezos' wealth is tied up in Amazon, we can just take Amazon away. Bill Gates and all that farmland he bought - c'mon, easy answer. Or some rich fuck has all his money in T-bills and muni bonds, well we run the govt now so you're not seeing that money again.
Even if they tried to sell their investments to people outside of a potential revolutionary socialist state, these investments are all tied to real productive forces that we can expropriate.