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A comment on Spanish minister proposes €20k ‘universal inheritance’ from age of 18. Parent comment

Re:Spanish minister proposes €20k ‘universal inheritance’ fr... by thegrim33 on Thursday July 06, 2023 @05:42PM (#36623496)
Well, if just counting all the billionaires [1], they have a total net worth of ~135 billion, and there's currently ~47MM people in Spain [2], so if you sent out the stormtroopers and forcefully confiscated every last penny of net worth from all the billionaires, and redistributed it equally, each person would get a one-time payment of ~2,800. I'd theorize that the resulting destruction to the economy/country in the process would probably ultimately wipe more wealth from the people than 2,800 per person, but hey, maybe not.

[1] https://en.wikipedia.org/wiki/List_of_Spanish_billionaires_b... [2] https://en.wikipedia.org/wiki/Demographics_of_Spain

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Re:Spanish minister proposes €20k ‘universal inheritance’ fr... by jahnu on Thursday July 06, 2023 @06:47PM (#36624328)
> ~47MM people in Spain … and redistributed it equally

I know the OP asked that but isn’t this really about future people turning 18 which would be massively fewer people and roll along every year?

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Re:Spanish minister proposes €20k ‘universal inheritance’ fr... by buffington on Thursday July 06, 2023 @07:08PM (#36624567)
> I'd theorize that the resulting destruction to the economy/country in the process would probably ultimately wipe more wealth from the people than 2,800 per person

I wonder if you wouldn't mind expanding on this idea more.

While I'm not saying I agree with the notion of redistributing wealth in the way you describe, I am skeptical of the "destruction" part. What does that look like to you, and why would it lead to that?

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Re:Spanish minister proposes €20k ‘universal inheritance’ fr... by chii on Friday July 07, 2023 @12:04AM (#36626960)
> I am skeptical of the "destruction" part

you only need to look in the past to see how collectivization in communist countries have fared to see what sort of results could be expected when you confiscate wealth from people.

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