fandomsecrets | [ SECRET POST #2641 ]

[ SECRET POST #2641 ]

⌈ Secret Post #2641 ⌋

Warning: Some secrets are NOT worksafe and may contain SPOILERS.

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Notes:

Secrets Left to Post: 01 pages, 018 secrets from Secret Submission Post #377.
Secrets Not Posted: [ 0 - broken links ], [ 0 - not!secrets ], [ 0 - not!fandom ], [ 1 - too big ], [ 0 - repeat ].
Current Secret Submissions Post: here.
Suggestions, comments, and concerns should go here.

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You magically find yourself locked out of time and in control of all the money in the world.

You have the ability to redistribute it at will, from whomever to whomever you want, and the money will go where you tell it to go.

The financial world will magically reshape itself to make it as though the money had been where you put it all along and all transfers made will be seen as legitimate and irreversible, even if people try to contest them.

What do you do?

Split it equally between everyone in the world. I know it won't last, but I can't think of anything better to do with it other than to get rid of it all entirely, which could pose even more problems.

Everyone? Including infants and small children? I foresee a lot of coercion and slavery happening immediately.

Do I get to bring in consultants?

Time is frozen and it's just you, so no.

Do I know this is going to happen? If so, can I bring some financial books? Or will my cellphone work?

No. It's sudden and you had no warning. Your cell phone wouldn't work if time is frozen. What would it access?

Re: A hypothetical question

kaijinscendre - 2014-03-27 23:53 (UTC) - Expand

Re: A hypothetical question

(Anonymous) - 2014-03-28 00:02 (UTC) - Expand

Re: A hypothetical question

kaijinscendre - 2014-03-28 00:05 (UTC) - Expand

Re: A hypothetical question

(Anonymous) - 2014-03-28 00:15 (UTC) - Expand

Re: A hypothetical question

kaijinscendre - 2014-03-28 00:26 (UTC) - Expand

Re: A hypothetical question

(Anonymous) - 2014-03-28 00:38 (UTC) - Expand

Re: A hypothetical question

kaijinscendre - 2014-03-28 00:40 (UTC) - Expand

One of my friends has always wanted to go back to India since she's old enough to, y'know, remember it now, so first would be paying for that.

Then paying off the student loans of other people.

But would you fund people to just sit in a room and think?

You mean college? Eh, why not.

I was actually thinking about John Campbell.

Re: A hypothetical question

dethtoll - 2014-03-28 00:02 (UTC) - Expand

What do you do with the rest of the trillions of dollars? And who do you take money from in order to pay those loans?

I'd take it from the interest that the very rich get from their banks.
Frankly, I'm fine with just taking that bit and leaving the rest alone.

A lot of stuff that I would want to do would require also changing laws, financial systems, politics... It's a complicated question. I would probably try to affect some significant wealth redistribution from the super-wealthy to the middle and lower classes, and try to put a significant portion of money into some place where it could most help third-world countries. But it's tricky.

I'd also probably steal a couple million for myself, probably mostly from some of the more corrupt politicans and businessmen etc out there. I am venal and selfish but if I'm honest I would probably do that.

I would take money from the top 1%, because they combined probably have enough to still be ridiculously wealthy after, and use it to clear up all the debt in the world so everyone could start with a clean slate, then let the world carry on as it would.

sa - and make sure every individual/family had a reasonable amount of money to start from.

I would skim it from the top so that the distribution of wealth would be more even. There would still be rich, middle class and lower income brackets, but no longer any filthy rich 0.1 % or a poor underclass that can't afford to buy essential things.

Keep it where is for the most part. maybe minor shifts to help out when it's needed, disaster relief etc, but I'm not going to make rich nations out of poor nations etc. I don't have the necessary knowledge of the financial world to think any discussion I make won't fuck the world up. I am probably going to give myself a healthy bonus to live well on, tho.

Burn it all.

Okay, so my first thought was divide it equally. With there being roughly $60 trillion in the world and about 7 billion people, that only amounts to $8500 per person, which pretty much sucks. Everyone would essentially be poor. No governments would function, and very few businesses would remain in operation.

So assuming I had the data available, what I would do is take the pile of cash and pay off all outstanding medical debt in the world. After seeing how much $$ was left, I might also pay off all student loans. Then I'd give back the remaining cash in roughly the same fashion, percentage-wise, as it was spread around before. I can fantasize about doing some good in the world, but I can't realistically imagine a good reason for massive wealth redistribution.

Hmm, tricky. Seeing as the current money economics mean that when all money was added to a big pile and then used to pay all the debts eve, there would still be far more debts left than any one person could ever hope to work off, I would abolish the current system. Delete all running debts and destroy all current currency. And then I would set out to create a new currency that actually equals what is substantially there (as in products, factories, virtual goods), which should take me only about a few million lifetimes to achieve. And after all is said and done I would then give everybody a set amount of currency to start off with, redistribute ownership of the aforementioned goods as I would deem just or logical and then see what comes next. (I would also change the system to affect a no interest policy... if only that were possible)

I'm not an economist and I don't know that I'd trust myself to do anything without fucking it up. lol

Wouldn't make a damn bit of difference what I did with it. Since the economy and the idea of money are based on assigning value to something that's basically just a place holder, anything I did to redistribute wealth would end with people in power finding a way to be "wealthy" again. Considering that, I would probably distribute it back almost exactly the way it was, but make those I know a little bit better off.

Now, if my time stop included the ability to continue distributing money after everything was in motion again (i.e., if I could make it so schools were better funded in general even without playing money god) that would be different.

I would let the world, in large part, stay as it is.

I would take bits and pieces from the richest people in the world, and make sure that my family and friends are free of debts at least, and some more for my immediate family so they are more financially secure long term. For myself I would take enough so that I don't have to worry about student loans, can buy myself a nice apartment and not have to worry about sucky job markets and wages. Also enough to be able to go on holiday whenever and wherever I wanted.

Which may be a selfish choice, but I do not have enough knowledge about finances so if I tried to turn the financial world around it would be either a catastrophe or unchanged really. For example, if I had evenly distributed it, so that everyone on the planet gets 1 000 000 taken from the richest people, that just means that everyone on the planet has at some point had that million available, which just opens up the opportunity to increase prices on stuff, as hey, everyone on the planet was good for that million and therefore everyone can handle it if prices are increased. Or if I was a bit more spiteful and distributed the money in reverse order, so to say, so that the richest people in the world would become the poorest and vice versa, that just puts people with (most likely) little understanding of finances and business in charge of most of the world's financial capital, which can be a recipe for disaster.

Destroy every penny and see what I can do to make people trade resources, goods, and services instead. I'm not an economical expert, so I have no idea how I'd go about this in a practical manner and make it stick, and I already know that leaving a huge void like that would create chaos, but when I think about how "money" is just pieces of paper, metal, and digits with completely arbitrary value created out of thin air that people destroy the actual existing world under our feet to gain, it just makes me want to get rid of it all and start over.

I'd be a bad dictator.

Edited 2014-03-28 05:32 (UTC)

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