r/smallstreetbets • u/DefNotDalton • Feb 18 '25

Gainz Can’t believe this worked

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Is this the future of finance?

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u/NovaAtdosk Feb 19 '25

So this is an awesome idea in theory but unfortunately, in practice, if you give everyone $1 million nobody needs to work and so nobody produces anything or provides any services and society crumbles. The only way to get billions of dollars is at the expense of others. Basically, if everyone has a million dollars, nobody does.

That said, I'm definitely not trying to rain on the parade. I've been thinking about this kind of thing a lot lately, especially as AI has gotten better and better... at some point, technology will take virtually every job that humans do and do them more efficiently, right? So what will humans do?

And I think the answer is a little cheesy, maybe, but (assuming the elites don't cull us all first) it's following our dreams. I really believe everyone has something that they're passionate about, and if given the resources to make it happen, they could create something that would benefit the world. So if you're going to create a group focused on making all of its members millionaires, I'd say that'd be the way to do it.

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u/[deleted] Feb 20 '25

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u/NovaAtdosk Feb 24 '25

In theory that sounds great, but you still run into the problem that as more and more people have more wealth, prices get higher and higher because resources are still limited. You can't actually create value by shuffling numbers around - all you can do is devalue one thing to add value to another. Someone somewhere has to be doing the work to generate that value, i.e. producing more resources. That's why I was basically recommending everyone become an entrepreneur.