🚀 go-pugleaf

Thinking of those inordinate fortunes, it comes tomind the next
question: how many times does accumulated financial wealth (including
debt) can buy Earth? The whole production of Earth and the accumualted
real capital... Is tehre an approximation of it? There are several
measures I can think of, so the question also presents by itself: are
those fortunes meaningful in real terms? Redistrribution is an issue
and economists argue from a Pareto point of view (see Home for All).
But then the question is: do we really havet o be fair when it comes to
superfortunes tat are almost meaningless? Superbillionaires already
have real wealth accumulated plus superfinancial fortunes. Would it be
unfair if those fortunes were redistributed? What wpuld be better, to
redistribute them (causing world inflation, though this inflation may
correct the relative price problem, where some goods are too pricey
bacause their price would be negligible, so they have to paid in bulk
and then languish for years in stores... that is, relative prices work
well in theory, but the moment they turn into real quantities... how
many digits do we have for chiclets to have the right price, for
instance?), or simply take away zeroes from big fortunes? I guess a
correct measure for the velocity of worl money would be money
laundering, as it has to be cleansed fast, so after having that measure
a good multiplier can be calculated... and a pro rata based on real
wealth can be used as a guide to take away zeroes from superfortunes...

Fabrizio J BOnsignore now Danilo J BOnsignore