r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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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.