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Joined 2 years ago
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Cake day: July 30th, 2023

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  • If 20 strangers get 1/20 of a 10 million dollar mansion what do they do? The most anyone could pay for it is $500,000.

    Everyone is on here talking about how this would cause inflation, but I don’t think it would. A vast majority of this value is not in cash but in stocks bonds and property. I am more sure how you would divide up who gets apples shares and who gets 5% of their neighbors $600,000 home. But even if you were able, what is sure is that most people would want to convert their stock/bonds/property to cash so they can eat. Only problem is that no one in America would have any cash to buy up the assets. So in a market full of sellers and no buyers the value of everything will plummet.