Daft_ish

If they spend at around the equivliance of at new minted bill and youre not trying to save them, what does it matter?

If you are trying to save youre not keeping hard cash youre investing it. So then we would see a lot more investment spurring on growth.

The problem Im trying to solve is removing people from the economy who have an unfair advantage. Luck dictates class, lifestyle, and positions of power. It makes sense to me that if we want more efficient and balanced society we need to remove the people with entrenched power who dont deserve it. People who have gambled their way to the top.

If someone before you did something great, sure maybe you should be able to live off that wealth as some sort of gratitude to your elder. If decendents are allowed an advantage, that advantage should have an expiration date and maybe that will motivate them to be better.

Thats my outlook.

This mechanism is one I considered to address this, in a way. A more direct way may blend into socialism or communism but I believe in meritocracy and capitalism to some extent. So maybe this comprise would actually accomplish more of what Id like to see done and its hyper capitalistic.

As far as the question, "what about what we have now" I've spoke about that elsewhere. Essentially we all accept people invest their wealth and are generally not all liquid.

If the expiration date is 25 years? 50 years? 100 years?

Will you hear me out?

If you think thats fine, thats ok. We arent changing anything here today and most likely ever. So if you wont engage because you think your going to teach me something today, jokes on you.

Well, its a thought. There are a lot of variables to capitalism. Just thinking of ways to improve the system if there are people who are dead set on keeping it forever. Maybe it should lose value. If, say it was a 50 year expiration date, the exchange that generated the value has long since past.

You could also implement a buy back where the government gives you a flat rate on expired currency or a tax write off but you have to meet a minimum threshold.

To me its important to recognize that money is what we say it is. We can do whatever we like with it.

The biggest problem would be the immediate devaluing of the dollar, countries participating in our economy would attempt to purchase other currencies. So in that light it would be infeasible but maybe there are ways to transition.

Why would poor people have difficulty living with this change? They live hand to mouth.

Hard expiration date tied to the day the currency was created.

This is not what im talking about and they are not 1 for 1 analogous.

Billionaires have tons of debt they would have to rectify before they stabilize. Then you assume their liquid assets would be reduced and they would have to find ways to generate more liquidity to maintenance their properties.

He definitely went

I believe Alaska has some sort of ubi. Maybe start there.