If all the money ends up in hands of billionaires and their corporations and there will be no money in hands of regular plebs…
Who do you think will have to pay the taxes?
Also, the people would figure out a different way of trading or currency. And with that one getting taxed, all the billionaire’s money become worthless.
money represents power and whoever has power will have the money.
i think you’re looking at this from a very “everyday” perspective - you think of money as something that is passed around and goes from A to B. the system at large does not work that way. just like the earth is flat if you look at any small patch of it but is round when you look at it globally, the economy works very differently whether you look at it at an everyday scale or at a global scale.
on a global scale, things are determined by geopolitical considerations, not by whatever companies or buyers/sellers do. like, that china exports so-and-so many tons of steel and imports so-and-so many tons of pork meat has very little to do with companies working hard to produce these products. it’s mostly some globalist philosophy to determine what happens on a global scale. for example, tariffs might completely change the game, if only there is the political will for that. as do free-trade agreements.
again, the same is true for any big country. “money” on a country-level is a fiction. it was invented by banks for complex reasons (mostly to simplify trade) and can be modified as long as it’s meaningful to the state’s politics. like, the state can just print more money through the federal reserve bank. in fact, it does that all the time. that cannot be explained by simple “trade transactions” as you’re imagining them rn. there’s abstract and complex and completely non-trivial maths involved in this game. “what happens when the billionaires own everything” only makes sense as a question when you consider that the concept of “owning” stuff is fundamental - which it is not. “Ownership” is a legal construct because the state deems it useful. with a different philosophy, the very concept of “ownership” might lose traction and become meaningless. The question therefore is: What is the political will at a state level?
The economy collapses and you get a revolution, mass emigration, and/or other major societal upheavals – probably as soon as a lot of people start going hungry…
There is only 9 meals between man and revolution
It’s not in the billionaire’s interest for us plebs to have no money at all. A lot of their interests are funded by us. Paying for power, food, iPhones, clothes, cars, holidays etc. So if they have it all and we have none, the economy will collapse, people will barter with vape juice and booze, and the billionaires will realize they cannot eat money.
When the economy collapses the question of who will pay taxes is a secondary problem. The primary one will be to rebuild the state and a new currency and then they’ll look at the tax code.
You are presuming that the economic-configuration would be the same…
That isn’t correct.
The Deep South’s slaves weren’t allowed any economic-autonomy, were they?
We’d be mere-property. mere-slaves, no rights, & just mowing-us-down-with-bullets if we protested, if it got far enough.
You know, the way communist dictators mow-down their own farmers/food-producers ( Stalin ), or their own intelligentsia ( Mao ), or the way fascist dictators mow-down the woke.
Most currence is mere-leverage, & with that-fake an economy, they can certainly come-up-with something that locks us out.
Trumpcoin, e.g: either you use trumpcoin XOR you’re ICE’d, if you see what I mean…
If they have to manufacture criminality, in order to “justify” some more “enforcement”, well, for bullies, that’s called entertainment, right?
the economic-phase/paradigm we’re currently-in is only 1 phase of many.
The barter-system the Indigenous peoples ( who hadn’t come-up-with a currency of any kind ) works, for low-intensity economies…
the “economy” that functioned in the nazi concentration-camps ( people traded for pieces-of-paper, or cigarettes, etc ), or in prisons, is an economy…
Underground-economy’s likely to be present in nearly-all economies, especially the ones rooted in class-based-validity…
( in the academic-class-system associating-with-an-important-name is a kind of “currency” )
The intent is total-segregation-of-privilege-&-power to them, from all-others.
Why should they care if the all-others part doesn’t work, or isn’t sustainable?
So long as it works until they die, … they won, right?
_ /\ _
This is where AI comes in too, a new hyper repressive economy will be much easier to enforce with killer robots that do whatever you tell them without question.
ICE proves you don’t need robots to do that…
_ /\ _
What you are describing sounds an awful lot like collapse to me. Your slavery South comparison is missing that a lot of what they produced was exported to places where at least officially slavery was banned. So that model is propped up in one location by areas with purchasing power from the general public elsewhere. The thought experiment was what if everywhere was the slavery South, in which case the economy will no longer be sustainable.
Slaves still have to eat & survive-winter…
there’d still be economy … just no citizens below the ruling-caste, is what I’m trying to communicate…
The Epstein-class has rights whereas we have “rights”, whereas Palestinians in Gaza don’t.
Slaves are in the don’t category.
I see no logical-requirement for civilrights to exist for 90% of the population, when oligarchy has become totalitarian.
_ /\ _
I’m sorry if you had to chew on this for a month and I’m even more sorry to tell you that your reply makes no sense to me.
Then the plebs reach for the scythes and the machetes.
That’s why the billionaires steal as much money as they can, but stop short of making a critical mass of people desperately poor: they keep most people poor enough that they try to fight for what little they have left, and between themselves for the scraps, instead of uniting and rising up against the kleptocrats who engineer their poverty.
You’re talking as if the billionaires are a group of organized people who know what they’re doing and act accordingly in a coordinated way.
I think the billionaires are a group of individuals, each trying to maximize their wealth, and they will absolutely take what they can get, because if they don’t, some other billionaire will take it.
And i see no evidence that they would stop short of causing mass poverty that will lead to riots.
The billionaires are not following a nefarious master plan that they agreed upon. They appear coordinated because they all act the same way, all mindlessly following the same instinct of greed that’s programmed in their genes. Just like bees or ants appear to work as a team, when in reality they’re all following the same simplistic automatic behavior.
yeah it’s convergent behavior. like they all independently arrive at the same behavior which causes the illusion of coherence where there is none.
The billionaires are so out of touch that they have no idea how desperate the masses are becoming.
That’s the subject of the chapter on the anarchist FAQ I was reading last week. Goes something like this: governments exist to serve the billionaires. When governments do something meaningful to other people it is a tug of war to reach a compromise, always with the goal of preserving the status quo.
We’re slowly getting to the point where they’re get too greedy and moving past that critical mass point. I think Trumps presidency really turbo charged the idiocy.
A lot of rich fucks are starting to feel the danger though:
It basically already did
I recommend the episode of Recess where they use monstickers as currency. In this episode, TJ finds ways to amass all the monstickers and make everyone else destitute. It occurred to me while watching the episode that all the other kids have to do is stop requiring each other to pay for stuff with monstickers, since nobody has them anymore. And then it occurred to me, why can’t we do that in real life? Why can’t society just collectively realize this whole money thing doesn’t work if a few people are hoarding it all and just come up with a new system? Instead people are being deprived of basic needs because of this stupid imaginary system
Because the people with the money also control the physical goods, how are you going to acquire food and shelter without money? and then while you may accept small amounts of bartering you will need some amount of money to continue purchasing food and shelter
It’s a tad worse than that. They also control all the debt. You can’t invent a new currency and use it to pay a mortgage, car payment, student loans, credit cards, etc.
Well, at least not before it develops value that those institutions will recognize. I can’t say that Bitcoin made that leap, but it can be readily exchanged for other currencies these days so maybe there’s hope.
Don’t forget the part where they also own the people who create the laws and therefore the people who enforce the laws.
this is what people mean when they talk about the contradictions of capitalism.
This is why I think they are all into crypto, because they see it as the next big currency and want to be the person controlling it
Usually happens coincidentally to them being in charge. Pray you can offer value to them, is normal advice (given by the oligarchy).
on the flip side, it usually happens just before the aristocracy is strung up in the streets and flayed open to send a message.
that message?
“do not forget there are more of us than there are of you.”
They let us borrow some so that we can buy their products and pay them back more. We have to trade our labor to make up the difference between our passive income and current expenses, but they’ll only give us just enough to sustain a population of laborers.
Some take a risk and borrow wayyyy more than they can really pay back with their own labor and use that money to buy assets that they hope will be successful in integrating with the loop of money. If it’s successful, their assets buy the labor of others to generate income so they pay back the loan and do it all over again.
we all rot as they continue eating steak
Aren’t we supposed to get cake, at least?
bootlick them enough and you’ll get a slice of synthesized cakes
Cake = the caked on shit at the bottom of a bread pan.
The majority population falls into progressively more desperate poverty. Work hours are extended for less and less personal gain and greater risk of injury, disease, and disability. Recreation, autonomy, and actualization become ever more out of reach.
It started in 1971 and it’s still running its course. So, look around I guess. If we don’t do anything in another 20 years it won’t be possible to own a home for anybody. We will all be severely restricted on what we can eat and how we can travel. Everything you buy will be disposable garbage that makes you sick and needs replacement often.
This is a United States issue. Other countries have this under better wraps.
under wraps as in hidden by the media so their population doesnt see the truth behind the lies they consume?
under wraps as in privately helping the US in almost any way possible but publicly denouncing their actions?
under wraps as in silencing anyone not following the western narrative?
Lol that’s what these global billionaires want you to think.
These fucking people aren’t all American. They are coming for you and they have already bought your politicians.
Elysium happens.
I’ve never seen it. Is it good?
yeah, it was actually a good movie. The big thing was that all the super rich lived in space on a halo ring while Earth went to hell for everyone else.
these days this movie hits a little too close to home for me.
