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World's Richest 10% Are Costing Earth Trillions, Study Finds (www.sciencealert.com)

submitted 2 days ago by remington@beehaw.org to c/science@beehaw.org

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It's difficult to put a price on the environment, and some scientists even argue it's beside the point: that nature has intrinsic value, beyond the services it provides to us.

But in some situations, it helps to try to put it in economic terms: especially when those are the terms the world's wealthiest are used to dealing in.

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[–] phoenixz@lemmy.ca 12 points 2 days ago (1 children)

WEALTH CAPS, NOW

I don't want anybody able to have a networth over 10 million dollars, doesn't matter where they live. Any income over 10 million needs to go 100% to taxes

NO MORE MULTI MILLION AIRES, LET ALONE BILLIONAIRES, LET ALONE TRILLIONAIRES

[–] Dymonika@beehaw.org 11 points 2 days ago (1 children)

And then reduce taxes on the rest. By the way, it probably shouldn't be an arbitrary amount like $10 mil but should be a multiplier of whatever the poverty level is designated as, like 100:1 or 1,000:1 or something. That way it can scale with inflation/deflation.

[–] grranibal@lemmy.zip 3 points 1 day ago

Wow I love that idea!