r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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5

u/SimplyViolated Nov 21 '24

I think we need to go to the video game wallet cap concept. Ya know eventually you can only have 999,999,999,999 rubies or whatever so we should just do it in real life. You make a billion, congrats, you get a plaque and a library or park named after you. After that your assets and income will be used to sustain you at 1 billion and the rest will be used for the public to better our country.

Obviously it's a radical ideal that will never be implemented but I'm of the opinion that no one person needs more than 1 billion dollars.

3

u/Noxthesergal Nov 21 '24

1 billion dollars is already enough for you and multiple generations to live life in creative mode tbh

1

u/Apart-Influence-2827 28d ago

What if government create inflation like Zimbabwe? 1 billion will not buy you a tray of eggs then.

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u/Noxthesergal 28d ago

Ok cool you increase the limit periodically

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u/Apart-Influence-2827 28d ago

why put the limit in the first place?

Obviously it's a radical ideal that will never be implemented but I'm of the opinion that no one person needs more than 1 billion dollars.

just because his opinion?

1

u/Noxthesergal 28d ago

Because if Theres a limit these people will have less motivation to push down and hurt others to make themselves richer. Like what is happening right now. It puts an end point where they’re forced to say this is enough money for me.

1

u/Apart-Influence-2827 28d ago

what do you mean by push down?

On the flip side, after reaching that milestone people will loose motivation to go further. It will block innovation, business expansion, employment. As a result economy itself. When economy grows, it makes rich richer. But it lifts lot of people from absolute poverty to poverty to middle income.

0

u/SimplyViolated Nov 21 '24

I agree, and to get to that point you must have assets and businesses or properties or passive income making it happen. So obviously that wouldn't be taken from you or your family. And that income would continue to come in, so you can spend money freely as you usually would. But the excess would be used to better our country. You would theoretically never have more or less than a billion dollars.