So, I have a question for economists out there. I did some calculations using figures from
here (yeah, I know it's not accurate, but it's just for the sake of the thought experiment) and if you divide the amount of money that the 0.1% has (the figure Elliot gives us) by the population of the US, the bonus amount of money that everyone is getting is about $43,090. Which, you know, is definitely not bad, but it wouldn't necessarily by a life changing amount of money. It depends on how you use it I guess. It might pay off debts, it might get you through college, but it wouldn't be enough for, like, cancer treatment. I think the show wants us to think it's a lot more than that, like $200,000 or maybe even a $1,000,000, but it's hard to tell.
So, my question is, what happens to the economy if this actually happened? Like, would inflation just rise up? And, of course, now that hte top guys lost their money, what would stop the tendency toward monopoly from just having everything accumulate once again? I almost feel like with this gone, the next logical step is for the wealthy, but not 1% wealthy would be to use their money to buy politicians and make laws protecting them so they can start accumulating wealth again. Or maybe it's the opposite and politicians would be harder to buy, but I find that hard to believe.
Elliots redistribution of wealth is a good thing, but it feels like it's something that needs to happen on a regular basis, or we'll just be back to the same place on a long enough timeline.
