The Picard Maneuver@lemmy.world to Curated Tumblr@sh.itjust.worksEnglish · 3 days agoHow to fix the economylemmy.worldimagemessage-square164fedilinkarrow-up1473arrow-down117
arrow-up1456arrow-down1imageHow to fix the economylemmy.worldThe Picard Maneuver@lemmy.world to Curated Tumblr@sh.itjust.worksEnglish · 3 days agomessage-square164fedilink
minus-squareSoftestSapphic@lemmy.worldlinkfedilinkEnglisharrow-up21arrow-down8·edit-22 days 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-squaredjsoren19@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up1arrow-down1·15 hours 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.
minus-squareBatman@lemmy.worldlinkfedilinkEnglisharrow-up11·2 days 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-squareSoftestSapphic@lemmy.worldlinkfedilinkEnglisharrow-up4arrow-down2·2 days agoOh yeah they would also need to be forcibly stripped of their assets
minus-squareHadriscus@lemm.eelinkfedilinkEnglisharrow-up4·1 day agoI thought that went without saying
minus-squareBatman@lemmy.worldlinkfedilinkEnglisharrow-up2·2 days agoHah, well I’ll go to this strip club.
minus-squareAqarius@lemmy.worldlinkfedilinkEnglisharrow-up19arrow-down2·2 days agoThat wouldn’t work because the bilionaires don’t have money, they have assets, AKA capital.
minus-squareMuskyMelon@lemmy.worldlinkfedilinkEnglisharrow-up5·2 days 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-squareSoftestSapphic@lemmy.worldlinkfedilinkEnglisharrow-up4arrow-down2·2 days 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.
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.
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.
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.
That wouldn’t work because the bilionaires don’t have money, they have assets, AKA capital.
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.