Please note that Elon Musk doesn’t hoard money in the same way that Scrooge McDuck does

https://en.wikipedia.org/wiki/Inflation

And schools should have economics and personal finances as part of the curriculum.

Nobody is hoarding money. Scrooge McDuck is a bad caricature of a rich person - that's not how any of it works.

It already does, it's called inflation.

Also are you talking about physical money, or bank accounts, or what...?

It does. It’s called inflation.

Modern millionaires don’t hoard cash, just like ancient millionaires didn’t hoard apples or wheat. Sure, millionaires always had something perishable, but most of the wealth was/is tied in things like land, buildings, companies, ships, cattle, slaves, stocks, bonds, loans etc.

That would disproportionately affect the poor since the money owned by the wealthy is overwhelmingly tied up in other assets, index funds etc

Its called inflation. And billionaires dont hoard money, they hoard assets. Most of the time inflation just makes them richer, as salaries drain out year over year and their stock prices keep going up.

This has actually been tried. It's called [https://en.wikipedia.org/wiki/Demurrage_currency](demurrage currency). Basically, every note decreases in value every week: in 1930s Austria, this was accomplished by requiring people to get regular stamps to keep their money good, but every stamp reduced the value of the note.

This encourages people to spend money instead of hoarding it, but the obvious downside is that it makes saving functionally impossible.

Yes, only already rich should have an ability to use capital. Peons should be stripped of even theoretical possibility to get any capital-tier sum. Only gas and bread money.

Pro hoarders never hoard money

You mean gift cards?

As people said you don't want to completely stop savings but it would make sense for social benefits. Take snap. You could limit people to not keeping in excess of one months benefits in savings (the reason you might allow a month is so that they can do something special on a holiday or birhtday or such). So 2x times their benefit would be the maximum allowed holding. Now lets say you limit snap to things grown and processed in the US. Now it acts as an economic stimulus as well as a social safety net and you prevent the hoarding thing. You could convert all argricutural type aid to it and it would likely be better for the industry. Now note you stopped hoarding of the currency but that does not stop hoarding. Some folks if they see they have not used the full benefit will buy some treats like ice cream cake or something. Others however will buy canned goods or rice and beans and hoard that. Granted those folke like hoarded anyway. Similarly if money in general had an expiration date then rich people would buy more single family homes and warehoused and precious metals and such.

For Billionaires+ only

What is this, a CBDC ad?

Do you mean cash, money, or wealth?

Absolutely not

Better solution: world wide wealth caps. WWWC, if you will

Just your normal tax brackets but with one extra one that says that nobody can be worth more than, say, 10 million dollars. Anything over that goes straight not taxes until you're below again.

For companies, make it a billion dollars

This way, nobody can become extraordinary rich and or powerful

Nobody can pressure others or influence large groups with money because nobody can

Companies will require a huge amount of small shareholders so no one single shareholder can influence a single company

Governments will get a huge influx of money which they can use for a huge social network with free healthcare, free education, UBI (Universal Basic Income) and so on.

With that, no more poverty. Everyone can have a standard minimum living where they have a nice little home, all the food and healthcare and education they'd need, and if someone wants a little more, they can work a little more, but nobody can get over 10 mil.

It would eradicate poverty, and much of -or most- crime, as money is the incentive of much of the crime in the world

Governments can make world wide investment foundations that can fund independent press agencies with the single requirements that they always try to be as unbiased and honest as possible

Companies can't have a networth over a billion dollars, so instead of 1-3 giant companies, we'll have thousands, of not millions of smaller ones.

Companies will no longer have incentives to cheat and or fuck over customers or the environment because why would you of you reached the limit and you can't earn more anyway? Focus can go to quality and safety again

I see a huge amount of pro's here with ... Well, I don't even see cons

I know this requires that we implement this world wide, but that would be the only complication. The rules themselves are simple and basic. I know, there are a lot of details that willl emerge that need to be handled but anything is better than the oligarch shit we have now and this to me sounds like a Utopian society, really, or as close as we can get to them

Hoarding is not illegal, maybe it should be, certainly at scale but currently it is not so measures to stop it are not lawful at this time.

Yeah, I feel like we want constant deflation instead of inflation.