• @SoftestSapphic@lemmy.world
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    5 months ago

    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.

    • @Aqarius@lemmy.world
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      195 months ago

      That wouldn’t work because the bilionaires don’t have money, they have assets, AKA capital.

    • @Batman@lemmy.world
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      115 months ago

      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

    • @MuskyMelon@lemmy.world
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      55 months ago

      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.

      • @SoftestSapphic@lemmy.world
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        45 months ago

        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.

    • djsoren19
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      15 months ago

      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.