• IninewCrow@lemmy.ca
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    7 days ago

    With my dictatorial powers … my first action would be to seize and outlaw extreme wealth. No one would be allowed to own more than $1 million.

    All the money collected would be used for government and providing a Universal Basic Income for everyone.

    And I’d get a designer to make me a big fancy hat.

    • stoy@lemmy.zip
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      7 days ago

      That is increadibly hard to do.

      1. How do you define what goes into that 1 million of allowed wealth? If I buy a house worth 950000, would I only be allowed to save 50000.
      2. what about if the house increase in value so that it is worth 2 million, should I just accept that I loose 1 million? What about stocks?
      3. Inflation or Deflation, when/how will you update that limit?
      • frank@sopuli.xyz
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        7 days ago

        I agree with your take on this. I think 1M is way too low. But 1 Billion… It’s a bit easier to imagine the “you can’t or the dictatorship will seize something” idea.

        The reality is that the wealthiest people usually influence the most