this post was submitted on 24 Oct 2024
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Ask Solarpunk
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It does not work at scale because people who want to stash wealth will just buy things they can later resell, gold for instance. Or dollars.
Yeah I’m not really sure how to overcome this. Maybe povoq is correct that money printing is an easier solution, since it doesn’t require direct participation from the wealthy.
I’m still interested in experimenting with this idea though. Most other forms of wealth besides money have downsides, even gold. Hoarding physical goods is harder to do secretly and requires storage and security costs.