29 January 2014 - rich money supply

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Much of the remaining wealth of the super-rich lies in their business interests, where “interest” means “empire”. A running business must not be reduced to cash, so it should be distributed to the public as shares, which might come to $2500 or $3000 per person in the world. But if many of these people want to sell shares to, say, irrigate their crops, they may have trouble because there won’t be $10,000,000,000,000 of spare cash to trade for them. Speculators would have to borrow to buy shares, and the next thing we knew we’d have another class of the super-rich.

the Daily Whale || copyright 2014, 2024 Jay J.P. Scott <jay@satirist.org>