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It's not that hard to get rid of billionaires: take them for the neck and hang them. Being greedy has been a moral crime for centuries. The moment you amass 1 billion times the wealth of others you are basically being 1 billion times greedy. After how much money do you stop being a good person and become a criminal harmful to society? I guess 1 billion dollars is that limit, that's not an amount of money that you can actually spend it's pure mentally hill money accumulation.

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Give everyone a basic income. Let ppl provision because they like to. Disconnect real provisioning from finance. Let billionaires play money games in virtual financial markets while real goods are immune to their screwups.

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Removing debt-based reserve currency is a better first step I think. The reason for this is because billionare corporations get that way due to financial "magic" amassed from public trading in stocks and bonds. Money aquired from valuation is completely speculative and only can be done because of the pools of non-existant debt "money owed" that other billionare investors "own". A basic income would not work in the current system because the value of a dollar is speculative. Therefore, as soon as everyone has 15/hr that money becomes just another fund to manipulate by the same people already in control of the "debt".

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Reserve currency is not debt. No one owes anything to anybody when the have a $20. The Fed owes just owes you another $20, which is indistinguishable from the one you gave them to redeem.

Basic income decouples finance from real provisions because it frees people to provision without a profit motive, thus striking at the very heart of the exchange theory of value.

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What do you mean reserve currency is not debt? When the fed prints a new dollar bill for the gov, they do it by increasing the government debt. Have you not heard of the federal interest rate? The dollar has value because it is debt. If there was no debt, all dollars would be returned to the federal reserve. That is why you need a material backed currency, because there is no central issuer, the currency has value on its own merit.

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The Fed does not create debt when it creates a dollar bill. The government does not owe anything on the dollar bill. The Fed creates currency as a liability and balances it with some asset, like a Treasury or a private bond or a loan asset. If you want the Fed to make good on its liability, it gives you a dollar bill..

The Fed repays its currency obligations with other new currency.

The private sector also creates dollar-denominated assets that can be sold to the Fed for currency dollars.

This is the essential public-private hybridity of money that Mehrling talks about in http://www.perrymehrling.com/2018/12/where-is-politics-in-the-money-view/

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