you could dekulak all 3500 billionaires, magically transmute their make believe money into hard cash, and that $20 trillion would yield less than $2500 per human. hooray?
You say that as if there aren’t an enormous amount of people for whom $2500 isn’t an enormous amount of money. Even in wealthy nations like the US, that equates to approximately 7% of the personal income for the average person. But for the 65% of the world’s population living on $10 or less per day, that is an increase of 77% or more on their yearly income.
But more important than the cash is the power that money buys. Defenestrating the uber-wealthy of their undue influence in society would have far reaching benefits beyond just money in people’s bank accounts.
The supply is greatest at the source.
hoarding what?
you could dekulak all 3500 billionaires, magically transmute their make believe money into hard cash, and that $20 trillion would yield less than $2500 per human. hooray?
You say that as if there aren’t an enormous amount of people for whom $2500 isn’t an enormous amount of money. Even in wealthy nations like the US, that equates to approximately 7% of the personal income for the average person. But for the 65% of the world’s population living on $10 or less per day, that is an increase of 77% or more on their yearly income.
But more important than the cash is the power that money buys. Defenestrating the uber-wealthy of their undue influence in society would have far reaching benefits beyond just money in people’s bank accounts.
The US has over 770,000 homeless people [1]
1 in 5 children in the USA don’t know where their next meal is coming from [2]
[1] https://https://endhomelessness.org/state-of-homelessness/
[2] https://www.feedingamerica.org/hunger-in-america/child-hunge...
About 1 billion people live on less than $1 a day. So that’s like 8 years of expenses for 15% of all humans.
Which is a pretty damning indictment of capitalism
Are you going to work for free?
Even in non-capitalist systems people aren’t working for free
And those systems also have scarcity.
And it's not just because you are hoarding your labour.