Dr. Damien P. Williams, MagusAug 16, 2023
Sporadic reminder that billionaires have more money than they could spend in multiple lifetimes and could be using all of that to help make the world a better more just place, so we should tax the fuck out of them, take as many of their resources as we can, and do it for them, since they've decided to hoard it like the world most boring dragons, instead.
Show threadDan WAug 16, 2023

@Wolven @timrichards
During the 1990s recession, my dad told me that money doesn’t just disappear, someone has that money.

It is up to the populace to;
A) extract as much money from the Millionaires as they can through legitimate means.
B) prevent the Millionaires from accruing any more funds by not supporting their businesses.

My dad was a “bit of a socialist”.

Show threadPeter Kraus
@Salvo @Wolven @timrichards while I appreciate the sentiment, money doesn't work like that anymore. Banks may create money whenever new loans are made, and they generally do. Loan repayment may, but doesn't have to, lead to annihilation of that new money. It's not a zero sum game.
Aug 16, 2023 at 1:03pmWeb
Show threadDan WAug 16, 2023

@pkraus @Wolven @timrichards it also doesn’t help that those Millionares have been supplanted by Billionaires who run Monopolies and Monopsonies.

We have no choice by to give them our money because there is no one else and producers have no choice by to sell to/through them because there is no one else.