- Billionaire wealth surged by over $300 billion in the first month of the year. It would take 15 million workers an entire year to make as much money.
- Since G20 Finance Ministers agreed to work together to effectively tax the super-rich in July 2024, billionaires have pocketed over $1 trillion in new wealth.
- More than 50 organizations from across the world are urging G20 leaders to tax the super-rich to end extreme inequality, and invest in climate, environmental and social action.
Time to invent a new currency
Edit: lots of economy illiterate people here it seems, it’s important, go learn some!
The billionaires are already in the business of inventing new currencies as a method of wealth extraction. So unless the new currency is billionaire scalps, it’s not going to do anything.
Awe fuck. Time to go back to grow our food and learn a trade so we all can trade our skilled labor/services in some sort of online marketplace that doesn’t use a currency.
You always end up with a currency. But if it’s a finite, redistributed (so, collected and redistributed) it can work. IMO.
Hear me out: the currency is to be made from the hide of billionaires.
What will that achieve here exactly?
Potentially a reset of the hoarding.
Better tax them but that doesn’t seems to be on the table any more.
… They’d just trade in their riches for the new currency. Billionaires aren’t holding their wealth in cash
Yeah but it could be an inflationnary currency for example.
Not really? Why would it?
Who will control it? Will people with money be able to buy it outright?
Not going to help