Re:Chuck Feeney Is Now Officially Broke
by rhacker on Tuesday September 15, 2020 @11:31PM
(#24489300)
OR, just parcel out land and give people seeds and allow them to trade with nearby neighbors... There's no longer a need for money and everyone gets to eat - which is all we really need. Beyond that, people can help each other build homes in smallish communities. Money, even on a planet with this many people, isn't necessary, because it's like people driving cars - the system works because everyone is operating to keep themselves alive. HN is not a fan of this take.
Re:Chuck Feeney Is Now Officially Broke
by Dirlewanger on Wednesday September 16, 2020 @11:11AM
(#24493422)
>HN is not a fan of this take.
Probably because it sounds like utopian nonsense.
Re:Chuck Feeney Is Now Officially Broke
by Jabbles on Tuesday September 15, 2020 @04:58PM
(#24486621)
Not enough to live on the passive income even in the cheapest parts of the globe.
Why do you think that is the right metric? 3.4T is obviously a vast amount of money.
Re:Chuck Feeney Is Now Officially Broke
by postingawayonhn on Tuesday September 15, 2020 @07:49PM
(#24488026)
It's not really. That would fund the US Government for about 9 months.
Per https://www.forbes.com/sites/tommybeer/2020/05/21/the-net-wo... the combined net worth of every US billionaire was 3.4 trillion in May of this year. Per https://www.pbs.org/newshour/nation/3-ways-that-the-u-s-popu... there were 331 million Americans in January of this year.
Dividing that out: $10,271.90 per person. Not enough to live on the passive income even in the cheapest parts of the globe.