this post was submitted on 19 May 2025
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If 20 strangers get 1/20 of a 10 million dollar mansion what do they do? The most anyone could pay for it is $500,000.
Everyone is on here talking about how this would cause inflation, but I don’t think it would. A vast majority of this value is not in cash but in stocks bonds and property. I am more sure how you would divide up who gets apples shares and who gets 5% of their neighbors $600,000 home. But even if you were able, what is sure is that most people would want to convert their stock/bonds/property to cash so they can eat. Only problem is that no one in America would have any cash to buy up the assets. So in a market full of sellers and no buyers the value of everything will plummet.
I think there's a lot of distraction discussing the particulars of this hypothetical, when it's clear that it couldn't work that way in practice.
It's really only helpful to illustrate the equity imbalance and just how much equity is in the system that most people don't see.
I don’t disagree that the commenter was not calling for all wealth to be seized and redistributed. But I didn’t want to post my disagreement with all the other people who said this would cause inflation.
To be honest we could use a little deflation right about now.