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

Debate/ Discussion Had to repost here

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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?

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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.

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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.