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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. 1 reply
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