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boom! had an idea. feedback please.

 
Anonymous Coward
User ID: 21926154
United States
11/19/2012 12:55 PM
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boom! had an idea. feedback please.
What if there was a law limiting how much money a person/corporation could have? Not wealth, evaluated in money. But actual cash money in their bank account.

You see, money has to circulate.

One of the problems we have right now is that banks are sitting on massive amounts of reserve cash and not loaning enough out.

However, if there was a law limiting how much money a person/corporation could have, then they would be forced to buy assets with their wealth. No one or thing would be able to save money.

So to accumulate wealth they would have to actually buy physical wealth.

So, you could not have a bank account with twenty million dollars in it. You would have to have twenty million dollars worth of houses or something.

What do you guys think? I know there would have to be some things to overcome, like how would a large company handle cashflow to pay all of its employees, etc. but I think this is a solid idea.
CtYankee

User ID: 10645599
United States
11/19/2012 01:00 PM
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Re: boom! had an idea. feedback please.
wtf
CtYankee

"If at first you don't succeed, erase all evidence that you tried." -anonymous


-Spouting a fountain of nonsense since 1972-

Never met anyone important enough to lie to.....
Anonymous Coward
User ID: 11223885
Netherlands
11/19/2012 01:04 PM
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Re: boom! had an idea. feedback please.
I hitted my table point against a leg.
Anonymous Coward
User ID: 27970216
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11/19/2012 01:09 PM
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Re: boom! had an idea. feedback please.
What if there was a law limiting how much money a person/corporation could have? Not wealth, evaluated in money. But actual cash money in their bank account.

You see, money has to circulate.

One of the problems we have right now is that banks are sitting on massive amounts of reserve cash and not loaning enough out.

However, if there was a law limiting how much money a person/corporation could have, then they would be forced to buy assets with their wealth. No one or thing would be able to save money.

So to accumulate wealth they would have to actually buy physical wealth.

So, you could not have a bank account with twenty million dollars in it. You would have to have twenty million dollars worth of houses or something.

What do you guys think? I know there would have to be some things to overcome, like how would a large company handle cashflow to pay all of its employees, etc. but I think this is a solid idea.
 Quoting: Anonymous Coward 21926154



Is this a "free" country or isn't it? if this is the United Soviet Socialist Republic, then it sounds right in line.


Since it's all just fiat money anyway, we could just make allowences for you to hold 20 mil in your account and print some more....thereby adding to Fed debt that it holds and increases the fed profits.

Of course, the Fed, can control the reserves of it's member banks, and does so now. The fed could just say that member banks can't have more than X % reserves.





GLP