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An interesting observation is that if 99% of the wealth is held by 1% of people, and currency/wealth is only valuable insofar as people recognize ownership, if
by personjerry 3y ago
An interesting observation is that if 99% of the wealth is held by 1% of people, and currency/wealth is only valuable insofar as people recognize ownership, if everyone just stopped recognizing ownership and we redistribute everything equally, 99% of people would stand to double their wealth on average
- jebarker 3y agoWouldn't that wealth become worthless if nobody recognized ownership though?
- personjerry 3y agoThe idea would be to not recognize the past wealth and start recognizing the new redistributed wealth
- jebarker 3y agoThe interesting thing about that is that it's actually independent of the current wealth distribution I think, i.e. you could allocate any arbitrary amount to each person.
- mym1990 3y ago99% of the people would double their currency, but probably lose all of their wealth because trust in the currency would be absolutely destroyed. Yay!