Important context is that this policy only applies to individuals with over $100 million in net worth. A lot of ignoramuses point at that figure and say “no one needs that much money, therefore we should take it from them”.
What would happen if this policy were implemented? Anyone with over $100 million in wealth would either:
1. Watch their capital in excess of $100 million be destroyed over the next several years.
2. Leave the country
People don’t realize that capital seized by the state rarely is redistributed in an effective manner. It is best approximated that that capital is destroyed.
corban / Corban
npub1h0…2qdfp
2024-08-29 22:05:33
in reply to nevent1q…rwye
Author Public Key
npub1h02qa0xwrsh09ntwkp6sk447kkc4namtexr27v07dyrnjkn8pkds32qdfpPublished at
2024-08-29 22:05:33Event JSON
{
"id": "c1d19b6e778b47200cb8196c428349c4b6ac7712141601aff5f2bf7d9a4c9f22",
"pubkey": "bbd40ebcce1c2ef2cd6eb0750b56beb5b159f76bc986af31fe6907395a670d9b",
"created_at": 1724969133,
"kind": 1,
"tags": [
[
"e",
"728510368e27403f89cdafab71b4d5128cea814c497b7821043f02f8aadbe6e7",
"wss://relay.orange-crush.com/invoices",
"root"
],
[
"p",
"7c765d407d3a9d5ea117cb8b8699628560787fc084a0c76afaa449bfbd121d84"
]
],
"content": "Important context is that this policy only applies to individuals with over $100 million in net worth. A lot of ignoramuses point at that figure and say “no one needs that much money, therefore we should take it from them”.\n\nWhat would happen if this policy were implemented? Anyone with over $100 million in wealth would either:\n1. Watch their capital in excess of $100 million be destroyed over the next several years.\n2. Leave the country\n\nPeople don’t realize that capital seized by the state rarely is redistributed in an effective manner. It is best approximated that that capital is destroyed.",
"sig": "8e6cf9549da80a183c2e0be55d1bf5105efe04d986bd76d5262bb32bc91b22592c853ede87c43f9e72d7de4e1210d42e6b8f75bae96733a17d3b88627b8e39d9"
}