Bluesky

If 20 strangers get 1/20 of a 10 million dollar mansion what do they do? The most anyone could pay for it is $500,000.

Everyone is on here talking about how this would cause inflation, but I don’t think it would. A vast majority of this value is not in cash but in stocks bonds and property. I am more sure how you would divide up who gets apples shares and who gets 5% of their neighbors $600,000 home. But even if you were able, what is sure is that most people would want to convert their stock/bonds/property to cash so they can eat. Only problem is that no one in America would have any cash to buy up the assets. So in a market full of sellers and no buyers the value of everything will plummet.

The only way this fantasy would work is if it were placed in an annuity for people. As others have mentioned, the greed in the market would just send prices up rapidly to soak up the extra money, and people are generally idiots with money and they’d piss it away immediately.

So you’d maybe have to have carve-outs for medical debt or something so people could pay that off, the rest would have to remain restricted and offer limited payouts until maybe retirement, but frankly the public at large would completely fuck up any windfall, and the market would make suckers out of all of them.

Hmmm . . . as a lump sum the market would then react and everything would cost 1 million dollars. Money isn't real. Food, Land, and property are.

I think money's value is directly tied to its velocity of trade vs the scarcity of the item it's being traded for.

However

IMO: What you are owed is 500,000$ worth of government services per person. The costs of things like public education, infrastructure, healthcare , social security and other social services should be covered by this.

This is what they want to take from you.

each person would have that exactly once... over time the concentration would happen again

I just want billionaires and churches to pay their fair share and end citizens united. That's a great start