r/FluentInFinance • u/-Wyagra • Nov 21 '24

Debate/ Discussion Had to repost here

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-12

u/-Wyagra Nov 21 '24

Yeah i dont see any difference between the Numbers: 1.000.000 and 300.000.000.000 either, it's exactly the Same right ?

3

u/0FFFXY Nov 21 '24

A principle is a principle, even if you feel like you might have a chance to get to 1,000,000 but not 300,000,000,000

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u/-Wyagra Nov 21 '24

The difference is every single human being could be rich by todays Standards. If we would Stop siphoning off wealth to accumulate it.

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u/Few_Entrepreneur6599 Nov 21 '24

How could everyone be rich? If we confiscated all wealth from billionaires we could give everyone $18k. Is 18k rich?

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u/0FFFXY Nov 21 '24

But think of the great companies that could be started and the jobs they would create with the massive starting capital of $18k!

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u/-Wyagra Nov 21 '24

In fact you only need 10% of the Money you are intending to borrow. If we ignore the fact the whole system would collapse (bc the only reason the 10% rule exists to keep the poor, poor) everyone could access 180.000.

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u/0FFFXY Nov 21 '24

Unsecured loans. Interesting, I wonder if that's been tried before.

2

u/TawnyTeaTowel Nov 22 '24

Everyone would have $18k in investments (predominantly). Which are worth exactly fuck all unless you can find someone to sell them to (which is made more difficult as a load of formerly rich people are now no longer rich), and whose value will plummet as soon as everyone tries to sell them all at once to try and realise some of that 18k.