If you press the button, 1 trillion dollars (printed out of thin air) gets distributed equally among the top richest 0.1%.
Do you press the button?
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Its not clear what this would accomplish. If .1% globally then I think there could be some positive stimulus effect on the US economy as the global demand for dollars fell.
If in the US it would take some thinking through but there *could* be almost no effect on anything.
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I gotta know, do people who vote yes believe in trickle down economics or am I missing something else?
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Eh there would definitely be some of that. That money will get spent or invested, and some of that inevitably hits smaller businesses and labor wages. The question is what percentage.
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I feel like the low end of the richest 0.1% have far less money than some people might think.
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If it’s printed out of thin air, it’ll get distributed to everyone else over time. Better for it to exist than not.
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"dollars printed" suggests bad monetary policy and is likely depressing the yes vote. Maybe something like "$1T in wealth created from a new asteroid..." would better show the underlying social division
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I'd press the button if the money were to be distributed equally among the bottom 90%. It would ripple through the economy. There would be economic growth.
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The very wealthy typically invest ... everything? So this means more investments in new businesses and projects and research, and ofc those new businesses and projects and research needs workers who get paid.
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