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10M dollars cash? No problem, rich folks will just buy other assets and use them to trade. If you mean 10M assets, then you will now have to estimate the value
by valenterry 5y ago
10M dollars cash? No problem, rich folks will just buy other assets and use them to trade.
If you mean 10M assets, then you will now have to estimate the value for a lot of things, including stocks. It will also take motivation away from founders and investors - why they take a big risk if they have an upper limit of roi?
I agree that the current inequality is a big problem, but your solution is certainly not a "simple answer" unless you accept potential decline of quality of life for everyone.
- oblio 5y ago> why they take a big risk if they have an upper limit of roi? Power? Influence? Popularity?
- valenterry 5y agoYou don't get much power if you only end up owning only small part of the business in the end - same for influence compared to now. Popularity, well maybe. But I think it's only a part of what motivates people today.