Reissue all US currency and people are only able to change to the new real currency $100k a day over the course of a year. After that it all becomes void, and you need to actually go to the bank and sign a slip each time.
Well 36.5 million, but you get the point. And the other commenter is correct, because unless you can also untie all capital from people it wouldn’t really do much. But an economic reset is needed and it will happen eventually. The longer it takes the bigger and more violent that reset will be.
Reissue all US currency and people are only able to change to the new real currency $100k a day over the course of a year. After that it all becomes void, and you need to actually go to the bank and sign a slip each time.
Most wealth is in assets though
Yeah, cool. Now Bozo has only 36.5 million in cash. Oh, and $240 billion in Amazon stock.
how does this change anything?
It caps wealth at 3.65 million.
Well 36.5 million, but you get the point. And the other commenter is correct, because unless you can also untie all capital from people it wouldn’t really do much. But an economic reset is needed and it will happen eventually. The longer it takes the bigger and more violent that reset will be.
Doh!
Yes.