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A million dollars in 1913 (when the Federal Reserve was created) is worth over $30 million in today's inflated currency. So why don't you up the ante a bit?
The fundamental flaw of this system, and all systems like it, is that the orgasmic draw of power does not diminish. It's embedded in the DNA of some human beings...a very strong psychological draw.
The wealth won't be redistributed to the poor. It will be redistributed to a new class of people seeking power...those middle men doing the redistributing.
In laymans terms...meet the new boss, same as the old boss.
How much money does a person need?
It's up to said person to decide.
"Need" is a harmful word.
How much money does a person want?
You will get 100 answers from 100 people. There is only one correct answer: MORE.
I know realize that I have chosen the wrong forum to spew my socialist utopian ideals.
Well the flaw is .....its a fairy tale. Much like John Lennon's Imagine(and I despise that song for the same reasons). Its a situation that will never ever exist unless you somehow control or brainwash everyone. Human beings are each individuals and are relatively unique creations with disparate thoughts, ideas, and talents. There simply no one size fits all.
Here's what would work ... every man, woman, and child, hooked up to a virtual reality simulation, where they can experience anything they like to their fitting.
In this scenario, the actual work being done is done by robots and people will simply be living out their fantasies in VR, living on govt subsidies.
How much money does a person need?
why should it be a question of need, but rather what is right?
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Of all the hookers in tahoe?