If the richest people were only 1000x wealthier than the poorest… wow.
Currently, the richest people could spend the entirety of every penny an average person would make from the day that person was born to the day that person died every single day and still not run out of money before that person died. That’s an entire person’s fiscal existence spent every day for their entire life and it wouldn’t even make a dent.
Wealth cap is a great idea, but suffers from the same issue as “tax the rich,” in that how do you do either of those things when the ultrawealthy are the ones in political power? they generally aint gonna cap or tax themselves
Thats what i mean, we theoretically can redistribute the majority of wealth to end all poverty and there would still be enough centralised wealth for the current rich to still live in royal luxury and feel special about.
Of course there would be massive opposition unless we figure what that does to inflation. So I don’t think it’ll ever happen but its a point that we absolutely could redistribute wealth without eradicating the upper class.
Instead as an actual solution i think we should count differently and consider all wealth to be a personal cost of a human taking resources from the shared planet. What you consume and possess is what you cost to others. Life is inherently a destructive action.
By measuring the cost and aiming to keep it low we can allow free access to groups (elderly for example) to a share of industrial output.
They don’t need to pay with money, society just needs to count the cost of their transaction. Invite for a welfare talk if there is a problem with overconsumption.
This project is a wip but i imagine that using what is called fountain pen money now could be used to pay classical industry with classical money. The fountain pen money is technically a debt but its the natural debt of human life with no expectation to ever close it.
The other part of this is they don’t get the huge portion of wealth that is being generated anymore. It goes to the people making it instead. It’s not just a 1 time, take half their money and give it to the poor thing.
In theory though impossible in practice:
If we halved the wealth of the current richest person.
Equally divided that wealth to the 50% poorest household.
And repeated from their till there are no more Billionaires.
Musk would end up at 800 mil after having his wealth divided 10 times. While people who had no money to start now have around 50K
(Broad numbers, Not an accurate calculation)
That’s still good, though.
If the richest people were only 1000x wealthier than the poorest… wow.
Currently, the richest people could spend the entirety of every penny an average person would make from the day that person was born to the day that person died every single day and still not run out of money before that person died. That’s an entire person’s fiscal existence spent every day for their entire life and it wouldn’t even make a dent.
So, yeah, I’d take 1000:1
This is why I think we need to start talking about wealth caps. I don’t understand why the left hasn’t jumped on that.
Wealth cap is a great idea, but suffers from the same issue as “tax the rich,” in that how do you do either of those things when the ultrawealthy are the ones in political power? they generally aint gonna cap or tax themselves
History has the inevitable conclusion for when that happens already written within its pages.
spoiler
It’s violence, and the death of those in charge at the time.
I’d hate to break this to you, but…
500,000,000
÷50,000
= 10,000
$800 million is over 10,000× wealthier than $50k, not 1000×…
Thats what i mean, we theoretically can redistribute the majority of wealth to end all poverty and there would still be enough centralised wealth for the current rich to still live in royal luxury and feel special about.
Of course there would be massive opposition unless we figure what that does to inflation. So I don’t think it’ll ever happen but its a point that we absolutely could redistribute wealth without eradicating the upper class.
Instead as an actual solution i think we should count differently and consider all wealth to be a personal cost of a human taking resources from the shared planet. What you consume and possess is what you cost to others. Life is inherently a destructive action.
By measuring the cost and aiming to keep it low we can allow free access to groups (elderly for example) to a share of industrial output.
They don’t need to pay with money, society just needs to count the cost of their transaction. Invite for a welfare talk if there is a problem with overconsumption.
This project is a wip but i imagine that using what is called fountain pen money now could be used to pay classical industry with classical money. The fountain pen money is technically a debt but its the natural debt of human life with no expectation to ever close it.
The other part of this is they don’t get the huge portion of wealth that is being generated anymore. It goes to the people making it instead. It’s not just a 1 time, take half their money and give it to the poor thing.
That’s still pretty okay and I bet some of those steps would be like hey I don’t want this money I would rather continue to live as a human being