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How to fix the economy
(lemmy.world)
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this post was submitted on 08 Feb 2025
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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
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.