Bluesky

Mathematically, I think it's hard for people to truly understand the obscene wealth that some people have accumulated. 100 billion doesn't sound that different than 100 million.

100 million is magnitudes closer to ZERO than it is to 100 billion.

That would be in equity, not in cash, but it would mean each person would have secure housing, a secure retirement, reliable transportation, and reliable healthcare

Imagine how much less stressful life would be if the average person didn’t have to worry about paying rent and whether or not they will retire at the end of their life.

I work in mental health and I guarantee you a lot of mental illness is not “mental illness” but resource management issues masquerading as such

Hmmm . . . as a lump sum the market would then react and everything would cost 1 million dollars. Money isn't real. Food, Land, and property are.

I think money's value is directly tied to its velocity of trade vs the scarcity of the item it's being traded for.

However

IMO: What you are owed is 500,000$ worth of government services per person. The costs of things like public education, infrastructure, healthcare , social security and other social services should be covered by this.

This is what they want to take from you.

I dont want the money evenly distributed anymore. Now I want things to change entirely.

Eat the rich, embrace socialism, basically become a millionaire at some point

Vs whatever the fuck Reagan's neoliberalism has got you

Wealth inequality is our #1 issue in the world, and the root of all our other issues, climate change, politics, all issues. But y'all understand money doesn't work like the meme, right?

Tried explaining this to my stoner friend back in the 90s. Mike was appalled that the government shredded worn out bills. "Man! They could just give that to people like us!"

OK Mike, you understand that the US government could give each one of $1,000,000, today? And you know I charge $20 to mow a lawn? If we both had a million bucks, I wouldn't mow your lawn for $20. I'd want $20,000. I already have a million simoleans, what's $20?! "You could still get a righteous meal at McDonald's!"

If we all woke up with $417,465 tomorrow, we would instantly be broke. As dad used to say, "If getting money was easy, it wouldn't be money." We obviously need to tilt the table, radically, but just smearing all the money around is a childish idea.

Call me a downer, but I don't see any hope of clawing anything back from the rich short of guillotines. Every one of our institutions is bought and paid for, and that's still not enough. They rape us more everyday and demand yet more. (Call me bitter. Lowe's is pulling this shit on me daily. Stock must have gone down a nickle.)

Doing it over world wealth/population (454385÷8.2) gives 55,412 USD per capita, which tell how skewed is wealth in the US.

I just want billionaires and churches to pay their fair share and end citizens united. That's a great start

If 20 strangers get 1/20 of a 10 million dollar mansion what do they do? The most anyone could pay for it is $500,000.

Everyone is on here talking about how this would cause inflation, but I don’t think it would. A vast majority of this value is not in cash but in stocks bonds and property. I am more sure how you would divide up who gets apples shares and who gets 5% of their neighbors $600,000 home. But even if you were able, what is sure is that most people would want to convert their stock/bonds/property to cash so they can eat. Only problem is that no one in America would have any cash to buy up the assets. So in a market full of sellers and no buyers the value of everything will plummet.

So if that's the median, you need about half a million to be considered "Middle class" now?

Looks at housing prices... Yeah, sounds about right.

Except the wealth you're talking about is ownership, not actual money. Redistributing it won't give everybody a pile of Scrooge McDuck coins, it will give them stocks and other asset ownership worth half a million. To spend any of that, they would have to sell shares to somebody for cash and spend the cash, which they can only do once. After a flurry of liquidating and spending, you'd end up with a lot of people who have more stuff but are otherwise back where they were, and other people who spend less and gradually accumulate a ton of shares to become rich.

I'm curious to know, if the wealth was redistributed like this, but with no modifications to the underlying system, how long before the existing Pareto-style distribution returns?

each person would have that exactly once... over time the concentration would happen again

$400 million would allow me to build a tiny house completely off grid with all the equipment I'd need to grow vegetables in a remote location for the rest of my life... The other $398 would go to helping anyone and everyone.

Misread the amount but leaving up as a reminder of my idiocy.

I need these statistics for other countries. Especially Germany. We seem to struggle to understand it as well.

Haha you forgot about the trillions of debt. Thank you for coming to my Tex talk.