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She's not totally wrong
If we gave every American 1 billion dollars the current billionaires would lose massive amounts of power and it would help fix wealth inequality.
21 8 ReplyIt would do nothing to wealth inequality. The assets the current billionaires own would just become valued at a trillion dollars, or even a quadrillion depending on how badly devalued the dollar became.
1 1 ReplyIf they had their money scrooge mcduck style. But the assets they own will explode in value almost proportionally to the value of the dollar
11 0 ReplyOh yeah they would also need to be forcibly stripped of their assets
4 2 ReplyI thought that went without saying
4 0 ReplyHah, well I'll go to this strip club.
2 0 Reply
That wouldn't work because the bilionaires don't have money, they have assets, AKA capital.
19 2 ReplyDo that and get ready for 100,000 dollars for a dozen eggs cause the market will charge what it knows the customer can pay.
5 0 ReplyThat's the point.
The poorer groups will pay the same amount of their wealth proportionally for things, but the proportional wealth of the rich will be dimished.
4 2 Reply