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elevation • today at 4:35 PM • 5 replies • view on HN

Confiscate all billionaire liquidity and distribute it as a dividend today and you get a one-time $$$ payment for every citizen. Liquidate all their assets and you get another $$$ payment, but you've dismantled businesses which have massively raise the standard of living accross the country (next day delivery of goods, ubiquitous home internet) and ended many jobs. You've also dis-incentivized a lot of people future ambitions.


Replies

jmcqk6 • today at 4:40 PM

Why are you assuming those are the only available options?

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addaon • today at 5:00 PM

> Liquidate all their assets and you get another $$$ payment, but you've dismantled businesses

How does this follow? Liquidating assets means selling them to a buyer... who can continue to operate the business.

Clent • today at 5:05 PM

> dis-incentivized a lot of people future ambitions.

Let's assume this is true. It must be compared to how many people's ambitions will have been awoken.

cdrnsf • today at 5:24 PM

Tax any and all annual income after $5 million annually at 100%. Confiscate all existing wealth from anyone beyond that $5 million per year for each year they filed income taxes. Should they move their wealth offshore, seize it. Elections should be strictly publicly funded.

well_ackshually • today at 5:28 PM

"if you redistribute in the most inefficient way possible, then things end up not being efficient" no shit sherlock

hell, even your dumbass suggestion isn't even considering second order effects. hundreds of millions suddenly being able to purchase products has a massive positive effect on the economy, more than anything Bezos could provide. It's VAT going in, it's smaller businesses seeing activity and providing more economcal activity in return, VAT that allows you to improve public services, rebuild roads, fix infrastructure, provide daycares and hospitals and social security so people can work.

But you're right, it's not enough: we must also seize land & properties from those owning 10+ to redistribute it, as well as build insane amounts of publicly managed housing to crash rental & purchase prices so people can live.