this post was submitted on 08 Feb 2025
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[–] [email protected] 3 points 1 month ago* (last edited 1 month ago)

We "print" money all the time. It's called "cryptocurrency".

[–] [email protected] 3 points 1 month ago

Price of gold goes Brrrrrrrrrrrrrrrtrtrtttrtrtttrrtrrtrtrttrr

[–] [email protected] 11 points 1 month ago* (last edited 1 month ago)

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.

[–] [email protected] 16 points 1 month ago

I mean...

We could just... Eat. The. Rich.

[–] [email protected] 3 points 1 month ago

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.

[–] [email protected] 13 points 1 month ago* (last edited 1 month ago) (4 children)

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.

[–] [email protected] 0 points 1 month ago

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.

[–] [email protected] 11 points 1 month ago (1 children)

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

[–] [email protected] 2 points 1 month ago (2 children)

Oh yeah they would also need to be forcibly stripped of their assets

[–] [email protected] 4 points 1 month ago

I thought that went without saying

[–] [email protected] 2 points 1 month ago

Hah, well I'll go to this strip club.

[–] [email protected] 5 points 1 month ago (1 children)

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.

[–] [email protected] 2 points 1 month ago

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.

[–] [email protected] 17 points 1 month ago

That wouldn't work because the bilionaires don't have money, they have assets, AKA capital.

[–] [email protected] 7 points 1 month ago

Humans do make the rules, unfortunately only some of them get the chance to so they made the rules favor themselves.

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