Comment by roenxi
3 hours ago
> If wealth getting concentrated is so good, why not only allow one person to have everything? See how odd that seems?
Isn't that fairly close to what we have now? I don't see any theoretical issues. Obviously if we literally mean one person I don't think the market would pick that as an optimum outcome, but there isn't an issue with the idea in principle.
Besides, the alternative is to have a relative small committee that, in practice, decides when to give and when to take away. That is the most practical aspect of wealth control and there is still a small number of people controlling it.
> Sure. So we could ask, say, can we compare educating 500 children for 12 years vs Taylor Swifts net worth going from $2.1B to $2B? How much would she be hurt and how much would other benefit? What would be the impact if she was slightly less wealthy?
Worst case is she gets angry and a bunch of people go hungry and uneducated, she donates quite a lot of money. $26m going out some time soonish according to a recent heaadline. https://www.theguardian.com/music/2026/jul/02/taylor-swift-t.... She's more effective with that donation than getting outcomes like educating 500 kids. It turns out to be nontrivial coming up with good examples in practice.
No comments yet
Contribute on Hacker News ↗