the central state does not actually have any excess of “stuff” with which to “bailout” anyone. it has infinite money in theory, but that is not “stuff”, it just indirectly encourages and discourages certain behaviors
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every state that has tried to forcibly create a transfer of wealth just alienates individuals and causes capital flight. like when all the best people start leaving in a company and the worse people start filling in to the senior and management roles. it’s an irreversible decline
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every state that has seized production also has managed it into the ground. even a state like china does not directly manage its state companies but forces it to self police and conform to certain political expectations while leaving alone the actual production decisions
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another issue is that the wealthy also don’t have that much “stuff”. just like the government, they just have surplus of paper wealth that cannot be directly used for anything except motivating certain behaviors
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a trillionaire does not actually have a trillion dollars of “stuff” to give out. the wealth is just an accounting of “ownership” over patterns of activity in the economy
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e.g. say someone owns ALL the restaurants. on paper they are incredibly wealthy. say you work at this restaurant and want more money and complain to the State that restaurant-owner should give you more money bc unfair blah blah blah
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restaurant-owner’s main power literally is to tesselate the pattern of activity that is “working at a restaurant” that’s literally the bulk of the wealth personal mansion and cars and cash don’t amount to much relative to the already existing ACTIVITY
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the owner is not “hoarding” anything and going “nah nah nah nah i could give everyone a wonderful life in a mansion and lambo but i’m not gonna nah nah nah”
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anyway, that’s an issue imo w the idea of a “bailout”. the billionaires talking about advice on how to fix the economy really are trying to help. they are saying “look stupid central state, your patterns of activity are inefficient and bloated, follow my lead”
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they can’t “i actually was hoarding 300 million lambos in my garage and will give everyone one” the pattern of activity that they hold ownership of is *already* part of the everyday. they can transfer ownership yes, but that doesn’t change the actual activity
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from their perspective their management of their activities is actually superior to the state’s and is holding society together. the state also KNOWS this which is why economic recovery often involves giving tax breaks and other advantages to corporations and companies
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tldr; focusing on the money makes no sense unless you can also map its distribution to a new pattern of activity that works better than the current one. this skill is “entrepreneurship” creating better patterns of activity.
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End of conversation
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