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Article #2663

Re: Superbillionaires: a financial note

#2663
From: Fabrizio J Bonsignore
Date: Sun, 03 Jul 2005 13:07
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The same argument can be applied to some debts and to interest rates.
Another good measure would be to calculate allowable financial wealth
based on a fair interest rate measure of owned real wealth, that is,
correcting excessive returns to capital to adequate them to what real
wealth actually represents, accumulated capital (it may need to be
discounted based on some business' natural over-normal economic
benefits to be fairer [fairness in relation to theis fact recognition],
and accumulated financial wealth be automatically discounted [or
redistributed] by the banking system' computer programs); also, the
returns to scale of capital should be included, with a penalty if
excessive liquid capital is not applied to possible projects where
economis of scale ni capital are important (mainly, I think, scientific
research and superengineering projects).

The fact is that from a psychological point of view (see the related
threads), superfortunes cannot even be considered: tehre is a point
where everything is bought out, and a limit to what any individual can
use to satisfy needs (day has only 24 hours...). Many problems can be
sol;ved if we leave aside truly fair economic fairness to a more humane
system of wealth redistribution...

Fabrizio J BOnsignore now Danilo J Bonsignore
(it looks like the CIA and other secret services don't want this kindof
contributions and ideas! But then they say there are two CIAs...)
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From: "Fabrizio J Bonsignore" <fbonsignore@beethoven.com>
Newsgroups: sci.econ,sci.physics,ny.general,dc.general,seattle.general
Subject: Re: Superbillionaires: a financial note
Date: 3 Jul 2005 06:07:24 -0700
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