Let's pretend that America does it.... ALL current assets of the 1% are seized, liquidated, and given out equally to the population of the USA.
Every person who filed taxes individually is given $20k, and every "family" who filed jointly is given $40k (no, I haven't done any research on the validity of that number).
Couple issues: what happens to a corporation with no single owner? I don't know. Just ignore that I guess.
What happens to a sole proprietorship whose owner falls into the 1%? I don't know. It becomes government owned or something. It will stay in business enough for the sake of this thread.
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So............
I predict that within 3 months of the checks getting mailed out, 90% of all that money will be in the same place it came from as the people who had it seized make it all back. The question is, how do we get our hands on about a billion dollars of it, collectively? There will be about 4 trillion free dollars out there (no, I haven't done any real math or research on that number. Just multiplied 20k by 200million).
The wealth redistribution happens 6pm one day, and there is zero warning so people can't hide assets. On a Friday. And fedex and UPS has checks in everyones hands by the following Monday, noon.
Our scheme would have to be brought up to speed quick.
1. What demographic do we target (I vote stupid people).
2. How do we get them to give us their money?
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I am guessing a shitload of that money is going to automakers the first week. Poor people will still be poor in poor neighborhoods but with a nice car getting vandalized out on the curb.
So America goes full-on wealth redistribution....
1. What demographic do we target (I vote stupid people).
Everyone.
2. How do we get them to give us their money?
Open up casinos, bars, liquor stores, etc. If people get a large influx of cash, it goes to vice and extravagance.
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what happens to a corporation with no single owner? I don't know. Just ignore that I guess.
Well, that's a problem. Most people with more than a few million dollars don't have any money at all officially. They have a personal (or more often "family") corporation that has all the money while they themselves never have more than a few thousand. It's how they avoid so much in the way of taxes.
I don't think there is such a thing as a one person corp, though. Even in Nevada with it's lax laws you need at least four people to make a corp.
If you ignore corporations, you are ignoring 90% of what the 1% actually own.
Edited By TPRJones on 1410206906
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