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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[–] 153 points 4 weeks ago (2 children)
[–] 87 points 4 weeks ago (6 children)

This is an attainable future, they say where there's a will there's a way

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  • [–] 28 points 4 weeks ago (3 children)

    All of those people have an address. It's just a matter of circulating them.

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  • [–] 10 points 4 weeks ago* (last edited 4 weeks ago)

    Prosciption for anyone with a net worth over a billion dollars. It becomes an affirmative defense in a murder trial that the victim had wealth beyond the legal maximum. This avoids the issue of government enforcement. You don't have to try and track down every criminal billionaire squirreling their wealth away in hidden accounts. It just becomes legal to kill anyone with a net worth over a certain amount. The government doesn't have to track down and arrest billionaires. They have to worry about their own children killing them, inheriting their money, and just donating anything over the legal threshold.

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  • [–] 40 points 4 weeks ago
    [–] 112 points 4 weeks ago (13 children)

    My friends always say "You can't just kill them. There will be someone to take their place." The obvious response is kill them too. Eventually, people will stop being so eager to take their place!

    Though as the comic says, there's always going to be assholes. Limiting how much power they have would be great.

    I am currently running a game of Vampire predicated on "what if you all just.. took out the ultra rich?". It has been satisfying.

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  • [–] 37 points 4 weeks ago (3 children)

    There's what, roughly 4000 billionaires? Them going all at once, and anyone who crosses the line going too, would put quite the damper on the pursuit of wealth, methinks.

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  • [–] -2 points 3 weeks ago

    On the pursuit of absurd amounts of wealth. Sure. But, $200m is still an absurd amount of wealth, and wouldn't be affected in this scenario.

    Also, if there were no billionaires, someone worth $990m would be the most powerful person around. Right now if someone's worth say $800m they're motivated to get to $1b or more. But, they know that if they get there they'll still have nowhere near the power of Bezos or Musk.

    With a hard limit of $1b, centi-millionaires might be even more motivated to hit $990m because there would be nobody more powerful or wealthy than them.

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  • [–] 24 points 4 weeks ago (2 children)

    They're right, though. It's easy to say "make people not want to be billionaires" but outside this comic, it's impossible. We need to address the issues that allow billionaires to exist and pass on their fortunes tax-free.

    If I received a million dollars, everyone I care about would live a long, happy and healthy life. Elon Musk spent almost $300 million dollars just on the current US midterms to elect Republicans and enact legislation that will give him control over you and keep you poor and desperate...

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

    The solution is an income and wealth tax tied to minimum wage. I also like a maximum wage (100% tax beyond) and a maximum wealth (ditto) including unrealized gains both tied also to minimum wage.

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  • [–] 1 point 3 weeks ago (1 child)

    That can be part of a solution. You also need to plug up holes like "it's not a wage - i just got a personal loan using my company stock as collateral".

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  • [–] 1 point 3 weeks ago*

    Oh, absolutely. Unrealized gains would include company stock and I'm not sure banks will be giving big loans on limited stock.

    I have other ideas like corporations not being able to own Intellectual property (or severely restricted terms for such ownership), Abolishing political parties, abolishing organized religion, maximum corporation size (revenue and employee count) etc.

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  • [–] 35 points 4 weeks ago

    Mmmm, cathartic.

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  • [–] 35 points 4 weeks ago (2 children)

    I need a "+" after billionaires. Can't let Elon escape on a technicality.

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  • [–] 30 points 4 weeks ago (2 children)

    "one day, like a miracle..." No, you need to make change happen the hard way.

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  • [–] 0 points 3 weeks ago

    One of the purposes of science fiction and fantasy is to allow us to imagine a different world, without necessarily knowing how get there from here. In this case, we're imagining a post-billionaire world without worrying about how to get there from here.

    If that world seems better than the one we have now, we could decide to put a long, difficult plan in place to get to that world.

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  • [–] 27 points 3 weeks ago

    I wouldnt tell anyone i got superpowers but there woild be signs

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  • [–] 26 points 4 weeks ago (1 child)

    Idk what messed up religion y'all are trying to come up with now but we need to lock in and strike these mfers out of the country.

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  • [–] 26 points 4 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 4 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 4 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 4 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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  • 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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  • [–] 23 points 3 weeks ago (1 child)

    "Teachers were finally paid closer to their worth."

    I dunno, I just think the phrasing "closer to their worth" is really funny when the picture being painted is a hopeful one. We can't actually hope that teachers will get a decent pay, even in a better world.

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  • [–] 22 points 4 weeks ago

    This was much better than expected.

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  • [–] 21 points 4 weeks ago (1 child)
  • [–] 18 points 4 weeks ago (4 children)

    I'm a bit existentially confused by the anticapitalist webcomic being hosted on Shopify.

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

    You do not have to exist outside of a system to critique it.

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  • [–] 1 point 3 weeks ago (1 child)

    Getting an anti capitalist deep inside a capitalist system is how you fuck it the best.

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  • [–] 1 point 3 weeks ago

    Capitalist systems naturally convert the majority of people into anti-capitalists given enough time. The speed at which a system becomes more humanist, and the degree of pain required to reach those improvements, are just a matter of time and effort.

    This comic hints at what an ultra fast correction would look like. If only we were so fortunate.

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

    I love that even in this made up fantasy world (which is awesome btw), we're still only able to pay teachers "Close" to what they're worth.

    Like, lol. Teachers are so fucked from a livable wage standpoint, that it would take 2 made up billionaire apocalypses to give them enough money to be paid what they're actually worth.

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

    The problem with teachers is that they are part of the job market. And as a market, its subject to supply and demand. The supply of teachers is higher than the demand. (Society has also screwed this up artificially with class size etc). Teaching also has non monetary benefits. Summers off, often shorter daily work schedule. The fun of watching children grow (for some people).

    But the real problem is that children almost always grow up to choose a profession they are familliar with. And nearly all children are familiar with teachers. This leads many people to think its a profession they could do, and thus a goal to achieve. This increases the number of teachers, deiving the demand down.

    I also found that growing up 20 years ago, the bad teachers are impossible to get rid of. Also increasing supply. Not sure how true this is today or if any changes there have been made.

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  • [–] 13 points 4 weeks ago (2 children)

    Instead of randomly exploding them, can we like shoot them into space?

    Space billionaires.

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  • Sounds pretty neat.

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  • [–] 8 points 3 weeks ago (4 children)
  • [–] [S] 2 points 3 weeks ago (3 children)

    Oh, HIGH-FIVE on that! Subnormality is in a brilliant, unique class of its own, and I need to figure out how to post more of them on our comics subs. Which, actually... oh! Oh, oh, oh.

    Okay, there's a technique I've been using for some time now at my own community that I think will work nicely. Oh my...

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

    Always good to see another fan of their work

    Recently re-read Shirley Estar Goes To Heaven (In both forms, even if the original comic was VERY early 00's edgy, it was still a DAMN good comic, and the novel rewrite is 10/10 scifi)

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  • [–] [S] 2 points 3 weeks ago (1 child)

    Recently re-read Shirley Estar Goes To Heaven (In both forms, even if the original comic was VERY early 00’s edgy, it was still a DAMN good comic, and the novel rewrite is 10/10 scifi)

    Hang on, hang on, that's also by Rowntree?

    TBH, I only check in with Subnormality every couple months, altho I've been reading for... shoot, it must ~20yrs now. oO

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  • [–] 15 points 4 weeks ago (5 children)

    I'd prefer to stretch it out a bit: One every hour, starting with the "poorest" of them, climbing up the list every time.

    Make the ones on top know that it will be their turn eventually. They cannot avoid it. They cannot cheat it.

    They can donate everything they own to charities or whatever they want, and some will certainly try. But it's too late - The culling cannot be stopped.

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  • [–] 24 points 4 weeks ago (4 children)

    Go the other way. Start at the top and go down to the global mean.

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  • [–] 20 points 4 weeks ago (5 children)

    That would certainly encourage the parasite class to actually DO beneficial things instead of hoarding, if they can't spend it on themselves.

    You get to 1.9 million and you better start building housing and parks and shit.

    But if not, you explode. And that's fine too.

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  • [–] 29 points 4 weeks ago (3 children)

    Do... do you think a billion is 2 million?

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  • [–] 7 points 4 weeks ago

    I always imagine the scene from Kingsmen.

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  • [–] 13 points 3 weeks ago (16 children)

    The wild thing is you could probably live off only 1 million invested at say 3 percent, a whole life.

    Billions? That should be just unlawful.

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  • [–] 9 points 3 weeks ago (15 children)

    Well that would mean a return of 30k annually, which is a pretty low quality of life in the US. If you lived in a low COL place it may be enough to get by, but you can't live in any US city with that.

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

    Sure but assuming you’re healthy and relatively young you could just not touch any of it and roll the interest back into it. In 23-24 years it’d be 2 million and your 3% return would be 60k. More if you added excess earnings to it during that period, of course

    Of course depending on risk tolerance you could speed this up considerably. Bonds are more like 4-5% and stocks are closer to 10%. But then of course risk raises, sometimes considerably but a 7% return more than halves the timeline to around a decade (though keep in mind sometimes bubbles burst, 2008 returns were -38% and that AI bubble is getting shakier and shakier)

    The bigger issue is lifestyle creep and consumerism. The majority of people who get to this level of wealth get attracted to relentless consumerism. Then 60k, which can easily cover cost of living in most areas (especially with the assumption that your housing is paid for and otherwise debt free), is suddenly no longer adequate

    And of course the biggest issue is that 99% of people will never have the financial resources to even consider the above

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  • [–] 1 point 3 weeks ago

    The scenario I was replying to was that you could just live off a million dollars, as in no work your whole life. I completely agree with everything you're saying though. I lived very comfortably on $60k in one of the highest col areas in the US.

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  • [–] 1 point 3 weeks ago (12 children)

    You can also use the $M up slowly.

    Sure, no golden toilets, but food on the table and more for life is kinda a lot IMO. But that was not what the example was for ofc.

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  • [–] 1 point 3 weeks ago (11 children)
  • [–] 2 points 3 weeks ago (10 children)

    You can use the 1.000.000 dollars during your lifespan too.

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  • [–] 2 points 3 weeks ago (7 children)

    You'd run out much faster than you'd think. Life is expensive, especially if you have a home you need to maintain. Have a spouse or kids and you'll run through that million in a decade.

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  • [–] 0 points 3 weeks ago* (6 children)

    Tell me you don't understand compound interest without saying you don't understand compound interest.

    Edit: you wouldn't run out if you do your math.

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  • [–] 1 point 3 weeks ago (5 children)

    I understand compound interest very well, and your interest can't compound if you're constantly drawing on the principal. You'd need a job to offset expenses until your investments had time to mature, especially if your returns were at 3%.

    Your premise was that $1m at 3% return was enough to live your whole life on and that's just a fantasy unless you intend to die very young or live very poorly; and alone.

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  • [–] 1 point 3 weeks ago (4 children)

    So you can't live off 2500 a month? Where the hell do you live 🤣, and using up the money during your life you could get more out per month and not be buried with 1 million, but for that you have to calculate things, which you do not seem to be able to do.

    I mean show me the numbers.

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  • [–] 1 point 3 weeks ago* (last edited 3 weeks ago) (3 children)

    You're neglecting capital gains tax off top, it's 2125 a month. Rent where I reside is roughly $1800 for a 1br. That leaves $325 for literally everything else you need. Health insurance will be a minimum of $400. Need a car? Let's call that another $300 for insurance and gas, maintenance would obviously increase this. Food could be as low as $200 if you skip meat entirely and basically stick to rice and beans. Utilities $200. You're gonna need clothes too, there's another $50. Need to see the doctor? Oh boy, good luck. This omits the majority of incidental expenses too, which add up real fast.

    Now you've well exceeded your interest, hence no compounding interest; in fact your principal is dwindling meaning less interest and more drawing from principal going forward.

    Have a kid? Unexpected chronic medical issue? There's another chunk. You could realistically stretch it for decades, especially if (like I said yesterday) you lived outside of a city. In a low COL country it could last a lifetime, but that's not the scenario you were responding to.

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  • [–] 1 point 3 weeks ago (2 children)

    Dud you're missing the message here, which is: $1M is a lot of money, and people have thousands of times more and are still not satisfied.

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

    No, I was responding to what you said. You said a million dollars at 3% return was enough to live an entire life on. I agreed but said if you lived in a city, it wouldn't last.

    I fully agree a million dollars is a lot of money and that nobody should have billions.

    Eat the rich.

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  • [–] 6 points 4 weeks ago (3 children)

    Yeah, was not expecting to be bricked up so much today. You can't just post stuff like that anywhere.

    Now I'm going to be thinking about this all day.

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  • [–] 11 points 4 weeks ago (2 children)

    A wealthy heir creates a special trust that gives a billion dollars to anyone they write in a notebook, allowing them to have their very own Death Note.

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  • [–] 10 points 4 weeks ago (1 child)

    I don't think this curse/blessing is being fooled by legal loopholes like trusts. If you can control the money and spend it however you like, it's yours, regardless of what name is legally attached to it. So I think the wealthy heir would just immediately die. I assume the magic or divine will can recognize the True Owner of an asset.

    I assume this also prevents wealth-hoarding by proxy. Imagine a mob boss who wants to safely own a fortune in billions. He finds people with a lot to lose. Good jobs. Family. Nice house. Etc. Respectable upper middle class people with a lot to lose, but themselves nowhere near a billion dollar limit. The mobster offers the following deal-you-can't refuse:

    I am going to wire you ten million dollars, plus some for taxes. You will report some $10-15 million in income as taxes next year. After paying the taxes on this, you will be left with $10 million. You are to set this money in a bank account and never touch it for any reason. I may access this money at any time by requesting a wire transfer from you. Your new accountant we're hiring for you will take care of it. In exchange, you may withdraw from the account a fee equal to half of the interest earned from it. You may also use this portion to cover the taxes from the interest. You will be periodically audited. Do this and you gain income without risk or effort. Don't do this and we torture your family to death in front of you, kill you, then burn your house down around you. You have five minutes to decide. (Goons walk in holding knives and gas cans.)

    We're not talking law here. We're talking magic or DIVINE WILL. I think in the above situation, the magic would be able to recognize that the money really belongs to the mobster. Legally it's in the name of the patsy, but in all practical terms, it's still the mobster's. Only he has any authority to spend it. If the actual legal owner of it touches it, he condemns himself and his whole family to a gruesome death. No. I think any proper magic will simply recognize the True Owner of any asset, in the way that magic famously often recognizes True Names. I think any wannabe Light Yagami is just going to get exploded.

    The heirs of billionaires need not actually condemn themselves to death though. You can legally refuse portions of an estate. Different jurisdictions have different ways of handling unallocated assets, but there would likely be a long chain of heirs listed in a will. Each would take an amount safely below the boom limit and decline the rest. If the list of heirs in the will runs out, I suppose state law takes over on who gets the rest. Some may just end up in government coffers.

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