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What happens if all the money ends up in hands of billionaire's corporations? (lemmy.world)
submitted 1 month ago by Daaric@lemmy.world to c/showerthoughts@lemmy.world
10 comments fedilink hide all child comments
 

If all the money ends up in hands of billionaires and their corporations and there will be no money in hands of regular plebs...
Who do you think will have to pay the taxes? Also, the people would figure out a different way of trading or currency. And with that one getting taxed, all the billionaire's money become worthless.

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[–] Carrotwurst@programming.dev 0 points 1 month ago* (last edited 1 month ago) (1 children)

The "plebs" will develop a new currency of their own. And by this I basically mean anything from bottle caps to IOU notes etc. Monopoly money, whatever. Arguably they could use something actually valuable too but using an IOU-type thing kinda secures it against theft. Point is that it starts with small communities with some degree of trust of course. Alternatively, trade work for food and goods - but we're primed to use money so I think we're likely to just create a new currency since we already know it's simpler to just trade 5 bottle caps for a carrot than it is to wash dishes for... oh i dunno, 3 carrots or whatever.

This kinda is what we should be getting to do anyway at this point. The 1% should be regarded as a force of nature. You can't win against them anymore you can win against a volcano. Best you can do is work around them (instead of trying to beat them at their own game which they are constantly rigging in their favor anyway).

Money itself only has as much value as we give it.

[–] surewhynotlem@lemmy.world -1 points 1 month ago (1 children)

That's crypto. Non governmental currency.

[–] netvor@lemmy.world 1 points 1 month ago

that's the wet dream, fictional version of crypto.

that's the idea that made me excited about crypto 15 years ago. (stupid young 31 old me 👶 )

[–] FriendOfDeSoto@startrek.website 0 points 1 month ago (1 children)

It's not in the billionaire's interest for us plebs to have no money at all. A lot of their interests are funded by us. Paying for power, food, iPhones, clothes, cars, holidays etc. So if they have it all and we have none, the economy will collapse, people will barter with vape juice and booze, and the billionaires will realize they cannot eat money.

When the economy collapses the question of who will pay taxes is a secondary problem. The primary one will be to rebuild the state and a new currency and then they'll look at the tax code.

[–] Paragone@lemmy.world 0 points 1 month ago (2 children)

You are presuming that the economic-configuration would be the same..

That isn't correct.

The Deep South's slaves weren't allowed any economic-autonomy, were they?

We'd be mere-property. mere-slaves, no rights, & just mowing-us-down-with-bullets if we protested, if it got far enough.

You know, the way communist dictators mow-down their own farmers/food-producers ( Stalin ), or their own intelligentsia ( Mao ), or the way fascist dictators mow-down the woke.

Most currence is mere-leverage, & with that-fake an economy, they can certainly come-up-with something that locks us out.

Trumpcoin, e.g: either you use trumpcoin XOR you're ICE'd, if you see what I mean..

If they have to manufacture criminality, in order to "justify" some more "enforcement", well, for bullies, that's called entertainment, right?

the economic-phase/paradigm we're currently-in is only 1 phase of many.

The barter-system the Indigenous peoples ( who hadn't come-up-with a currency of any kind ) works, for low-intensity economies..

the "economy" that functioned in the nazi concentration-camps ( people traded for pieces-of-paper, or cigarettes, etc ), or in prisons, is an economy..

Underground-economy's likely to be present in nearly-all economies, especially the ones rooted in class-based-validity..

( in the academic-class-system associating-with-an-important-name is a kind of "currency" )

The intent is total-segregation-of-privilege-&-power to them, from all-others.

Why should they care if the all-others part doesn't work, or isn't sustainable?

So long as it works until they die, .. they won, right?

_ /\ _

[–] FriendOfDeSoto@startrek.website 1 points 1 month ago (1 children)

What you are describing sounds an awful lot like collapse to me. Your slavery South comparison is missing that a lot of what they produced was exported to places where at least officially slavery was banned. So that model is propped up in one location by areas with purchasing power from the general public elsewhere. The thought experiment was what if everywhere was the slavery South, in which case the economy will no longer be sustainable.

[–] Paragone@lemmy.world 1 points 4 days ago (1 children)

Slaves still have to eat & survive-winter..

there'd still be economy .. just no citizens below the ruling-caste, is what I'm trying to communicate..

The Epstein-class has rights whereas we have "rights", whereas Palestinians in Gaza don't.

Slaves are in the don't category.

I see no logical-requirement for civilrights to exist for 90% of the population, when oligarchy has become totalitarian.

_ /\ _

[–] FriendOfDeSoto@startrek.website 2 points 4 days ago

I'm sorry if you had to chew on this for a month and I'm even more sorry to tell you that your reply makes no sense to me.

[–] Shizzymcjizzles@lemmy.dbzer0.com 0 points 1 month ago (1 children)

This is where AI comes in too, a new hyper repressive economy will be much easier to enforce with killer robots that do whatever you tell them without question.

[–] Paragone@lemmy.world 0 points 4 days ago

ICE proves you don't need robots to do that..

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