The Picard Maneuver@lemmy.world to Curated Tumblr@sh.itjust.worksEnglish · 2 months agoHow to fix the economylemmy.worldimagemessage-square131fedilinkarrow-up1466
arrow-up1466imageHow to fix the economylemmy.worldThe Picard Maneuver@lemmy.world to Curated Tumblr@sh.itjust.worksEnglish · 2 months agomessage-square131fedilink
minus-squareSoftestSapphic@lemmy.worldlinkfedilinkEnglisharrow-up21·edit-22 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-squareAqarius@lemmy.worldlinkfedilinkEnglisharrow-up17·2 months agoThat wouldn’t work because the bilionaires don’t have money, they have assets, AKA capital.
minus-squareBatman@lemmy.worldlinkfedilinkEnglisharrow-up11·2 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-squareMuskyMelon@lemmy.worldlinkfedilinkEnglisharrow-up5·2 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-squaredjsoren19linkfedilinkEnglisharrow-up1·2 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
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.
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.