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by SgtBastard 2382 days ago
For any arbitrary n, those clustered at the top will arrange their affairs to maintain the n-1 wealthiest person in society to avoid the reset. Giving away 100s of millions to keep billions makes rational sense - especially if you can arrange it to flow to your spouse/children/trust/charity you control.

In fact, you could game such a system by spiking a competitors net-worth right before the reset i.e. by suddenly buying a small, but significant chunk of their shares to move the market value on their shares.

What exactly have you thought about?

1 comments

Those are games within with the current system as well. The difference is that once you begin to approach the top your incentive becomes altruistic, because you are thinking about increasing the wealth of other people more than yourself.

That's the key. Capitalism only rewards greed. There is no altruistic component. What I suggest rewards altruism after the game is won. There is currently no end to the increasing gap, except violent revolt, which has always been the solution.

Violent revolt is not a good solution to the wealth gap.