OpenAI’s Sam Altman is becoming one of the most powerful people on Earth. We should be very afraid
OpenAI’s Sam Altman is becoming one of the most powerful people on Earth. We should be very afraid

OpenAI’s Sam Altman is becoming one of the most powerful people on Earth. We should be very afraid

those who dedicate their lives to gaining and holding onto massive wealth and power, are the ones least fit to wield massive wealth and power.
Which is why the tax system needs to be reformed.
The political right actually has one good point that we on the left don't always appreciate: taxes on middle class people should be lower.
Specifically, very liberal tax exemptions on things like 401Ks, including the ability to transfer wealth across generations.
Combine that with higher taxes on the wealthy, and it will be possible to shift power to the middle class.
Consider the total market cap of the S&P 500, rounded up it's about 50 trillion. Divide that among 130 million households and each household should own about $400K in stock on average.
Full equality is neither achievable nor desired by most people, so a good scheme would be to let every household hold up to $1M in wealth, tax exempt.
And then progressively tax everything above that.
Problem is, people usually by far overestimate their position in society.
If you say "tax the rich" a whole lot of people feel like it's about them even though they barely count as middle class.
Here in Germany I've had countless debates about inheritance tax. If your parents die, you only have to pay taxes (10%) on anything over 400k, and that's per child. That means, most people will never pay a cent of inheritance tax, yet they are horrified by the idea of it, because they firmly believe, their parents shitty house in a village somewhere will bankrupt them and their two siblings.
People fundamentally don't understand their own wealth and how tiny their wealth is compared to the billionaires class.
How is this ability limited currently in the US?