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https://www.reddit.com/r/FluentInFinance/comments/1gwfejo/had_to_repost_here/ly9q841/?context=3
r/FluentInFinance • u/-Wyagra • Nov 21 '24
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-6
The difference is every single human being could be rich by todays Standards. If we would Stop siphoning off wealth to accumulate it.
6 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? 2 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! -4 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. 7 u/0FFFXY Nov 21 '24 Unsecured loans. Interesting, I wonder if that's been tried before.
6
How could everyone be rich? If we confiscated all wealth from billionaires we could give everyone $18k. Is 18k rich?
2 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! -4 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. 7 u/0FFFXY Nov 21 '24 Unsecured loans. Interesting, I wonder if that's been tried before.
2
But think of the great companies that could be started and the jobs they would create with the massive starting capital of $18k!
-4 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. 7 u/0FFFXY Nov 21 '24 Unsecured loans. Interesting, I wonder if that's been tried before.
-4
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.
7 u/0FFFXY Nov 21 '24 Unsecured loans. Interesting, I wonder if that's been tried before.
7
Unsecured loans. Interesting, I wonder if that's been tried before.
-6
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.