🐈

However if you take 300 billion(roughly musk + bezos) and divide that amongst 300 million people(US pop.) What you get is ... 1000 dollars. That's *very* similar to the 600-2000 stimulus idea and that doesn't seem particularly sustainable long term.

It doesn't "kickstart" the economic machinery but is just a temporary punt to stave off business starvations.https://twitter.com/a_yawning_cat/status/1341482365432942592 …

What it *does* do however is it increases inflation and debases faith in the U.S. dollar globally. It is also like an earthquake for the existing social hierarchies that are based on wealth and power.

Billionaires themselves may not directly hold the world on their shoulders but there is ~~something~~ to ideas in Atlas Shrugged. The hierarchies of value that they head DO have outsized effect on the world. (and this is Pareto principle more than than Evil Illuminati)

The 1% are obviously biased here but there *is* something to the idea that a simple redistribution of wealth will *not* have the desired effects on creating a fairer society and may have unexpected negative downsides. e.g:

If you fully equalize the world and have have seen how hard and how smart people in China and India are working then you will realize that full equalization will NOT end well for the U.S. and many other rich countries.

Billionaires and the "rich and unfair cabals" they lead are the equivalent of nuclear weapons in a world where economic warfare is the main form of warfare. The resulting hierarchy of value IS tyrannical in various ways.

But so are the more meritocratic ones in the places like China and India. It's a huge pressure cooker, both socially, academically, and in the status signaling rat race. Being "better" than "them" allows "us" to *not* have to live like "them"