New ask Hacker News story: Ask HN: What would happen if we prevented the creation of billionaires?
Ask HN: What would happen if we prevented the creation of billionaires?
4 by Bodhisattya | 4 comments on Hacker News.
What would be the fallout, under the hypothetical assumption that we manage to outlaw having a net worth above a billion minus one (or any scientifically determined stopping point for net worth)? I think the narrative of inequality is very much wealth driven, though there are other forms as well. Would it have a major impact on the way the world works? Would we instead have much more millionaires, with very little impact on the bottom of the pyramid? The poorest section should have the maximum utility from additional income. However, is there any form of benefit the society can derive from individuals controlling wealth at scale?
4 by Bodhisattya | 4 comments on Hacker News.
What would be the fallout, under the hypothetical assumption that we manage to outlaw having a net worth above a billion minus one (or any scientifically determined stopping point for net worth)? I think the narrative of inequality is very much wealth driven, though there are other forms as well. Would it have a major impact on the way the world works? Would we instead have much more millionaires, with very little impact on the bottom of the pyramid? The poorest section should have the maximum utility from additional income. However, is there any form of benefit the society can derive from individuals controlling wealth at scale?
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