IDK. If every person on this planet suddenly came into a few million dollars there would be chaos. Sure, for a day or two folks would live very nicely, but then they'd get the urge for a McDonalds quarterpounder with cheese and..........no one would be in the store to fix it, since every one would have quit because they were overnight millionaires. Any system on Earth needs people at the lowest levels to help others do things or get things done. Yea, we can cast shade on the Rothchilds and it is well deserved, but there will always be poor people, because that is how humanity works. Millionaires will not want to scrub toilets for billionaires for a few bucks a week.
Fools and gold are soon parted. You could redistribute the wealth as you suggest and the basic rules of economics would still go to work and recreate the giant wealth differentials we have now. It wouldn't take long. We know this because historical data tell us the average lottery winner is broke within 7 years of winning. They don't understand the basic rules of the economy, spend more than they can afford, and find themselves poor again.
Those who are industrious and produce value will be rewarded. The government will still siphon off the lion's share to itself and "redistribute" it to connected people. The really industrious people figure out how to provide things that government can't live without: banking services, arms dealing, and with nationalized health services, the drugs.
I think society needs to get back to everyone being independently self-reliant for food, cleaning, home repairs, car repairs, etc. We need to stop out-sourcing basic chores past generations did for themselves. And no fast food. No big box stores. I'm going to have to learn how to tile . . .
IDK. If every person on this planet suddenly came into a few million dollars there would be chaos. Sure, for a day or two folks would live very nicely, but then they'd get the urge for a McDonalds quarterpounder with cheese and..........no one would be in the store to fix it, since every one would have quit because they were overnight millionaires. Any system on Earth needs people at the lowest levels to help others do things or get things done. Yea, we can cast shade on the Rothchilds and it is well deserved, but there will always be poor people, because that is how humanity works. Millionaires will not want to scrub toilets for billionaires for a few bucks a week.
Fools and gold are soon parted. You could redistribute the wealth as you suggest and the basic rules of economics would still go to work and recreate the giant wealth differentials we have now. It wouldn't take long. We know this because historical data tell us the average lottery winner is broke within 7 years of winning. They don't understand the basic rules of the economy, spend more than they can afford, and find themselves poor again.
Those who are industrious and produce value will be rewarded. The government will still siphon off the lion's share to itself and "redistribute" it to connected people. The really industrious people figure out how to provide things that government can't live without: banking services, arms dealing, and with nationalized health services, the drugs.
I think society needs to get back to everyone being independently self-reliant for food, cleaning, home repairs, car repairs, etc. We need to stop out-sourcing basic chores past generations did for themselves. And no fast food. No big box stores. I'm going to have to learn how to tile . . .
Not to mention massive inflation...