| > Somebody would have to buy the assets Most of those assets fall into two categories: 1. Real estate, which doesn't need to be liquidated to be put under public ownership 2. Corporate shares, which don't need to be liquidated to be put under public ownership The thought experiment around liquidating that wealth and cutting everyone a check was purely a response to your own hypothetical of liquidating a fraction of one billionaire's wealth and cutting everyone a check. Specifically, it was to point out that your "argument" misses the bigger picture around how much wealth is locked up in the accounts of even just billionaires, let alone millionaires. > But beyond that, stealing money assets, or even in this case "net worth" is immoral. Unless the wealthy do it through rent, lobbying, labor exploitation (including union busting), and monopolization, then it's all hunky-dory, right? That's why I put "steal" in scare quotes. Retaking wealth already stolen from the working class is the precise opposite of theft, yet here you and others are, white-knighting for the poor millionaires. Something's gotta give, or else the outcome will inevitably be far worse for that 1% than merely having to liquidate their assets. |