How To Make A Millionaire Of Every Person Living In Poverty As Norway Has Already Done
I had a brainstorm today.
There are several interrelated parts to my brainstorm.
Although the ultimate goal of my proposal is to eliminate poverty - and in the process make the United States more prosperous place - it will be First necessary to the wealthy in a roundabout way.
Clearly, the wealthy - and even more so ultra-wealthy billionaires - refuse to be taxed in any meaningful way (which, by my lights, means taxing their unrealized capital gains).
My immediate thought was that nobody can spend $1 billion in our lifetime, And so my initial impulse was to tax the welfare money they have excess of $1 billion.
But the welfare are powerful enough to ensure that this real allocation of wealth is a non-starter.
And so let billionaires keep all of their money, But with the obligation that they use resources over $1 billion worth To play the same financial games, they always play, which is to say they will use their excess capital to invest in order to make more money.
Trump himself admits that the accumulation of more money in an of itself means nothing to him, except in so far as it serves as a “marker” for him to evaluate where he “stands” in the ranking of ultra rich people.
Thus, the rich have far more than enough money to purchase the necessities of life with their laid the whole billion left over.
At the same time, there will be no interruption in the way they live their live lives, as the accumulation of more well is a game they play.
Just that. A game they play.
So let them play it.
After all, they’re good at it.
However, when they die, only $1 billion devolves to each of their blood heirs, whereas all the rest goes to a federal government fund, that would be used to finance "the infancy accounts" of all American newborns.
These infant accounts take advantage of what is often called “the miracle of compound interest.”
Here is what happens by virtue of this “miracle.”
When $100,000 is deposited in each newborn’” savings account, That initial Deposit will make each and every one of them a millionaire by the time thery’re 21.
And consequently, they will neither be a drain on government budgets (by requiring social services services), nor will they be as inclined to lives of crime to insure the survival of themselves and their families (just as the protagonist of “Les Miserables” - Jean Valjean - was prone to crime in order to ensure his own family’s survival.)
The result is the elimination of poverty, and the overall enrichment of society because more resources will be available for profitable investment.
This profitability will arise from two spring boards: 1.) the money saved on social services will be put to profitable use, and, 2.) the money saved from the needlessness of mass incarceration will be put to profitable use.
Has Charlie Kirk would say, “Prove me wrong.”
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And if you don't think the above argument will enable material wellbeing for every human being, consider Warren Buffett's analysis:
Warren Buffett Blows The Cover Of The Ultra-Wealthy. If We Focus On Propagating Buffett's Revelation -- Only This One Revelation -- The Ruling Class's Overarching (And Nearly Invisible) Structure Of Dominance-Submission-Bondage Would Come To A Prompt Crashing End
I venture that ONLY capitalist pigs will disagree.
Notably, the vast majority of capitalists who refuse to accept regulation are demonstrably piggish.
Unregulated, "feral" capitalists will oppose these proposals tooth.
Not so.
The United States will become a model of universal prosperity, and everyone will want to come here - especially those clever, creative people who have not yet made their first billion.
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PS
Buckminster Fuller: Compendium Of Keen Observation, Wonderful Innovation, And Deep Dive Pursuit Of Truth -- Without Which We Have Nothing... No Matter How Wealthy We Might Measure Ourselves To Be