• 4 Posts
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Joined 1 year ago
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Cake day: June 7th, 2023

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  • I am not saying it is dangerous. My point is that taking a decision that is polar opposite of our financial system will come with consequences, many of them will not be simple to predict.

    What happens after you accumulate 100 million? Are you allowed to work? Will you have to give up the interest your existing assets earn you? Do we tax everything the limit at 100%? How will we deal with the fact the some countries will attract people with lots to lose by not following the system?

    These are of course just random thoughts, but I think most of us can come up with plenty of things that can jeopardize such a plan.

    I don’t dismiss the idea, but I think a lot of safeguards need to be in place before such a plan could work.