We "print" money all the time. It's called "cryptocurrency".
this post was submitted on 08 Feb 2025
460 points (96.7% liked)
Curated Tumblr
4629 readers
61 users here now
For preserving the least toxic and most culturally relevant Tumblr heritage posts.
The best transcribed post each week will be pinned and receive a random bitmap of a trophy superimposed with the author's username and a personalized message. Here are some OCR tools to assist you in your endeavors:
-
FOSS Android Recs per u/[email protected]: 1 , 2
Don't be mean. I promise to do my best to judge that fairly.
founded 2 years ago
MODERATORS
Price of gold goes Brrrrrrrrrrrrrrrtrtrtttrtrtttrrtrrtrtrttrr
The US has such a huge pool of people using the dollar that when they do seigniorage they're essentially taxing the world instead of only their citizens. It's kind of obscene and why the imperialists are very hostile to BRICs.
I mean...
We could just... Eat. The. Rich.
I started turning my American Dollars into Euros. Here's hoping that mitigates the economic damage that will come from Elon's stupidity.
Honestly, I don't like messing around with money since I don't really understand it...but if I don't, I fear that I won't be able to get onto a lifeboat. It also makes me feel silly being proactive. Here's hoping my Blue State would either vindicate or placate my fears.
She's not totally wrong
If we gave every American 1 billion dollars the current billionaires would lose massive amounts of power and it would help fix wealth inequality.
It would do nothing to wealth inequality. The assets the current billionaires own would just become valued at a trillion dollars, or even a quadrillion depending on how badly devalued the dollar became.
If they had their money scrooge mcduck style. But the assets they own will explode in value almost proportionally to the value of the dollar
Oh yeah they would also need to be forcibly stripped of their assets
I thought that went without saying
Hah, well I'll go to this strip club.
Do that and get ready for 100,000 dollars for a dozen eggs cause the market will charge what it knows the customer can pay.
That's the point.
The poorer groups will pay the same amount of their wealth proportionally for things, but the proportional wealth of the rich will be dimished.
That wouldn't work because the bilionaires don't have money, they have assets, AKA capital.
Humans do make the rules, unfortunately only some of them get the chance to so they made the rules favor themselves.
view more: next ›