Billionaires are powerful and will do anything to preserve their wealth. This at a cost of the ordinary man.
Secondly, have you ever heard about the cantillon effect?
Billionaires are powerful and will do anything to preserve their wealth. This at a cost of the ordinary man.
Secondly, have you ever heard about the cantillon effect?
Yeah, but arguably the problem is not really the billionaires, it's the corruption of money. There are some particular political parasites who deserve some ire, but it's almost never those people that the "eat the rich" crowd is worried about
Yeah . ampleforth.org proposed a very unique model of issuing inflation resistant USD stable coins pegged against 2019 USD value
To do away with cantillon effect as the new supply is issued the existing holders are distributed the new supply based on their old percentage of holdings.
Satoshi had described this as well just one week after his whitepaper on a ning forum.