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"The day all billionaires died…" (click link for the rest of the pages) (media.piefed.social)
submitted 3 weeks ago by to c/comics@lemmy.blahaj.zone
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:praise-it: 1
 

https://thisecommercelife.com/blogs/comics/the-day-all-billionaires-died

I'm sure it's annoying for some to click offsite, but it's 20 panels long. IMO worth the read, though!

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[–] 26 points 3 weeks ago (5 children)

That would be nice but the pessimist in me know people would cap themselves at $900,000,000 and then gift millions of the interest they'd make to political mercenaries who will do their bidding as long as they're on payroll.

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  • [–] 28 points 3 weeks ago (3 children)

    Yeah, but they'd have SO much less power an influence than if they had dozens or hundreds of billions.

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  • [–] 11 points 3 weeks ago (2 children)

    IDK, it opens the world up to some fucked up mechanics. Like, I assume the measure of $1B isn't cash, or else a lot of billionaires wouldn't explode since it's all stocks. So in that case it's just the worth of your assets.

    So what stops two $500M people from assassinating good people just by offering to make a joint purchase of that person's right shoe for $1B? That would mean the right shoe of the good person is now worth $1B and they explode. It's basically Death Note on steroids at this point.

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  • [–] 11 points 3 weeks ago* (1 child)

    I don't think the intention is to take the mechanics of how and why exactly they explode at face value. It's interesting to theorize, but the comic points out that "no one knows why". If it's some supernatural power, it could be argued that they'd be able to discern between normal value and malicious intent.

    Would still make an intersting thought experiment to come up with some set of rules of explosion that is actually air tight.

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  • [–] 5 points 3 weeks ago

    the mechanics is exactly the concern that large parts of the middle class andpeople interested in crypto have with wealth taxes, how will the system handle cases where there is no market for an asset but it would typically have value (think memecoins that can be produced by the billions over an hour) or items that the owner has no knowledge of the value but have a high value non the less.

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  • [–] 3 points 3 weeks ago

    Also, people are underestimating how much damage is being done by people who are merely centi-millionares and deci-millionaires. Yes, they have a lot less money. But, there are a lot more of them.

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