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> $272k per adult or $1044 per month for that family of 4 with 2 adults in it Something fishy about your math here. $272k per adult is $544k per family. If y

> $272k per adult or $1044 per month for that family of 4 with 2 adults in it Something fishy about your math here. $272k per adult is $544k per family. If you paid it over one year that's $45k per month. Edit: oh, I see, you are only giving people the interest on the capital and assuming a growth rate of ~2%. Both of which seem quite silly to me, but whatever.

lifeisstillgood 5y ago
The numbers are silly - but I am not advocating some massive one off redistribution - I am just trying to argue against the idea there is not enough money to go around.
imtringued 5y ago
>$272k per adult is $544k per family. If you paid it over one year that's $45k per month. If it was paid out, you would lose your job.
anovikov 5y ago
But we spoke about possibility of creation of sustainable income for everyone, not a one-off money grab? Not a growth rate, but yes, dividends rate - because growth in capital itself will go into inflation, population growth, and growth of living standards, so yeah, 2.3% is all we can realistically plan for. And then the big question is: how is this society different from Soviet Union? Literally, i am not exaggerating: an economy where capital is, by law, owned only by the government, and private ownership of means of production is a felony (or how else you will take all capital away)? Or if you want to literally give shares to individuals, not to some immense state fund which will do the redistribution job, what will prevent these people from drinking and gambling these shares away? If American rich will be robbed off all their money so they won't be able to buy, to the Chinese rich (they will be able to afford as people will be running to sell off - if they were attracted by 2.3% returns they'd be buying stock now as it is, only reason why they don't is that they don't see it as attractive - so they WILL sell - and stock will be dirt cheap) It all sounds like a way to kill capitalism, or sell it off to foreigners...

lifeisstillgood 5y ago

The numbers are silly - but I am not advocating some massive one off redistribution - I am just trying to argue against the idea there is not enough money to go around.

imtringued 5y ago

>$272k per adult is $544k per family. If you paid it over one year that's $45k per month. If it was paid out, you would lose your job.

anovikov 5y ago

But we spoke about possibility of creation of sustainable income for everyone, not a one-off money grab? Not a growth rate, but yes, dividends rate - because growth in capital itself will go into inflation, population growth, and growth of living standards, so yeah, 2.3% is all we can realistically plan for. And then the big question is: how is this society different from Soviet Union? Literally, i am not exaggerating: an economy where capital is, by law, owned only by the government, and private ownership of means of production is a felony (or how else you will take all capital away)? Or if you want to literally give shares to individuals, not to some immense state fund which will do the redistribution job, what will prevent these people from drinking and gambling these shares away? If American rich will be robbed off all their money so they won't be able to buy, to the Chinese rich (they will be able to afford as people will be running to sell off - if they were attracted by 2.3% returns they'd be buying stock now as it is, only reason why they don't is that they don't see it as attractive - so they WILL sell - and stock will be dirt cheap) It all sounds like a way to kill capitalism, or sell it off to foreigners...