The Picard Maneuver to Curated Tumblr@sh.itjust.worksEnglish • 5 months agoHow to fix the economylemmy.worldimagemessage-square162arrow-up1490
arrow-up1490imageHow to fix the economylemmy.worldThe Picard Maneuver to Curated Tumblr@sh.itjust.worksEnglish • 5 months agomessage-square162
minus-square@SoftestSapphic@lemmy.worldlinkfedilinkEnglish21•edit-25 months agoShe’s not totally wrong If we gave every American 1 billion dollars the current billionaires would lose massive amounts of power and it would help fix wealth inequality.
minus-square@Aqarius@lemmy.worldlinkfedilinkEnglish19•5 months agoThat wouldn’t work because the bilionaires don’t have money, they have assets, AKA capital.
minus-square@Batman@lemmy.worldlinkfedilinkEnglish11•5 months agoIf they had their money scrooge mcduck style. But the assets they own will explode in value almost proportionally to the value of the dollar
minus-square@SoftestSapphic@lemmy.worldlinkfedilinkEnglish4•5 months agoOh yeah they would also need to be forcibly stripped of their assets
minus-square@Batman@lemmy.worldlinkfedilinkEnglish2•5 months agoHah, well I’ll go to this strip club.
minus-square@MuskyMelon@lemmy.worldlinkfedilinkEnglish5•5 months agoDo that and get ready for 100,000 dollars for a dozen eggs cause the market will charge what it knows the customer can pay.
minus-square@SoftestSapphic@lemmy.worldlinkfedilinkEnglish4•5 months agoThat’s the point. The poorer groups will pay the same amount of their wealth proportionally for things, but the proportional wealth of the rich will be dimished.
minus-squaredjsoren19linkfedilinkEnglish1•5 months agoIt would do nothing to wealth inequality. The assets the current billionaires own would just become valued at a trillion dollars, or even a quadrillion depending on how badly devalued the dollar became.
She’s not totally wrong
If we gave every American 1 billion dollars the current billionaires would lose massive amounts of power and it would help fix wealth inequality.
That wouldn’t work because the bilionaires don’t have money, they have assets, AKA capital.
If they had their money scrooge mcduck style. But the assets they own will explode in value almost proportionally to the value of the dollar
Oh yeah they would also need to be forcibly stripped of their assets
I thought that went without saying
Hah, well I’ll go to this strip club.
Do that and get ready for 100,000 dollars for a dozen eggs cause the market will charge what it knows the customer can pay.
That’s the point.
The poorer groups will pay the same amount of their wealth proportionally for things, but the proportional wealth of the rich will be dimished.
It would do nothing to wealth inequality. The assets the current billionaires own would just become valued at a trillion dollars, or even a quadrillion depending on how badly devalued the dollar became.