Comment by torginus

Regardless of what is believed about how well implemented or necessary these reforms are I believe there is an ironclad law of reality that real wealth can only be expressed in terms of material things - houses, phones, computers.

The era of making up tall tales about the supposed value of money via all sorts of futures and stocks and financial instruments the feeble mind can scarely understand cannot be over soon enough.

The value of money manifests when its exchange for physical goods.

If the Communist fairy waved her magic wand about and distributedall the wealth of the rich to every american equally, half of the people would decide to buy a new car with their newfound wealth next day, only to find out the supply of cars hasn't increased.

There'd be like 10% more cars sold, with people bidding over each other to actually get access to that supply, which would trigger massive inflation in practical terms, revealing the emperor had no clothes all along.