Axil, Your scenario is a good example of how the economy really is. It is not a zero sum game. Our resources are built on previous generations innovations and progress. After that we all have 24 hours per day. We can use them productively (in a wide sense) or just misuse them. Computers, houses, robots will be part of what we can do with those 24 hours a day. There are needs all over the globe. There are also resources (everyone's 24 hour a day).
This out of the box thinking about economy has its problems. We have built a debt system we inherit with all the good things (not only monetary debt). That needs a solution and I am sure confiscation is not a solution. However, billion dollar assets inherited has no justification either. I do not have that solution but I think those two factors will together with creative thinking build a better world. Pacifistic? Idealistic? Perhaps both but if we can change thhe attitude toward money we can create a lot. Money are just means. Who need to accrue more resources than he/she can utilise.? The real resources are time (which is equally distributed) and creativity (which needs recognition). Best Regards , Lennart Thornros lenn...@thornros.com +1 916 436 1899 Whatever you vividly imagine, ardently desire, sincerely believe and enthusiastically act upon, must inevitably come to pass. (PJM) On Sun, Nov 27, 2016 at 12:20 AM, Axil Axil <janap...@gmail.com> wrote: > China will lead the way. China has 1.5 billion people to keep happy with > no jobs to offer. It is true that all coastal cities worldwide within 100 > miles of the coastline will be underwater and in need of relocation inland, > That should produce a number of jobs. > > On Sat, Nov 26, 2016 at 11:02 PM, Jed Rothwell <jedrothw...@gmail.com> > wrote: > >> Daniel Rocha <danieldi...@gmail.com> wrote: >> >> Why do you think taxation won't be very heavy? >>> >> >> Because it will not cost much more than today's welfare systems, as I >> said. >> >> >> >>> Money won't appear out of nowhere, minimum wage will only accelerate >>> collapse. >>> >> >> Money always appears out of nowhere when the economy improves. This will >> improve the economy. The minimum wage is supposed to accelerate the >> process. We want a transition to robots doing all the work. A higher >> minimum wage will help produce that. >> >> >> >>> And there is still no answer about the debts. >>> >> >> We just need to raise taxes back to where they were under Reagan or >> Clinton. The deficit and the debts will gradually go away. There is no >> crisis. >> >> >> >>> In any case, there will be a finance disaster way worse than that of >>> 1929. >>> >> >> There might be, if it is done wrong. If it is done right it might work as >> well as the period from 1945 to 1980, which was the most prosperous in U.S. >> history, with the highest taxes. The two can go together if it is done >> right. >> >> - Jed >> >> >
