Evan pfp
Evan
@evangreenberg
I don’t know how many Marxist/Dem Socialists we have on FC, but there’s a convo I want to have (rather in person but): It’s presented by Bernie/Zoran/etc that there needs to be zero billionaires because their wealth should be redistributed. I heard someone else say β€œwhat if everyone was a billionaire?” I don’t think either are going to happen exactly (no billionaires vs all billionaires), but the decision sets if you make one or the other as the GOAL is fascinating, and I’d love to have that convo with people of many different viewpoints!
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@m-j-r.eth
I will note that currency debasement changes the semantics dramatically. if a house sells for $10,000, a millionaire is extraordinarily wealthy and would have considerable influence over local government. normally, this would be democratically checked, but political action and other advertisement is less regulated than housing development, for example. if everyone becomes a billionaire, we're hyperinflationary. if nobody is a billionaire, either we've crashed or we've magically rebased, which would have cultural repercussions (e.g. return of the "nickel store"). then again, becoming a fully liquid billionaire is pretty tedious, and the power is concentrated to a respective firm, or it becomes even more volatile. the concern should be focused on how other firms are insulated from hostile takeover. for everything else, grassroots and talent outweigh the paper number.
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Evan pfp
Evan
@evangreenberg
But what if it’s not hyperinflation, but extreme growth, like finding an abundant and free source of energy?
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