407
Redistribution
(thelemmy.club)
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It really matters what we are taking about. If we distribute ask the mansions and boats nothing if value is really gained for the general population.
If we take all the stocks, nothing if value is really gained either, because liquidating then to run programs would be virtually impossible, and the trade is is everyone's 401ks vanishes.
If we try to take the cash, we will find out that the cash doesn't exist, and this would cause a m2 shrinkage the sameas a bank run.
What other don't raise is for example elon doesn't have a trillion dollars. He was stocks that would be worth a trillion in an infinite liquidate market, which doesn't exist, and his stocks trade at 300+ p/e. A liquidation would immediately remove 90% of the wealth instantly. What he has done is expanded the m2 because it's the wealth generated and other can loan out against this and add to the money supply though fractional reserve lending. Remove this, and you vaporize the money that never existed anyways.
It's very hard to extract cash from something that has no cash.
Right... Getting money out of the rich would be like bleeding a stone. Ok
Where would the money come from then?