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Submission + - The 1% vs. The Queen's List 1

Nefarious Wheel writes: When Her Majesty, the Queen of England's finances were so rich they threatened to take too much money out of circulation, Parliament took over the management of her funds and put her on the "Queen's List". It's a drawing account, good for a yacht or two here and there and the extra silverware butler if you need one. She's still quite rich — most of London owed her rent, and she can throw the odd grand wedding if she wants...

What if we did that to the (say) top 100 billionaires — let the country take over the management of their money, let them buy whatever they want (with the exception of a few things like nuclear centrifuges, small armies, congressmen, corporations, judges, things like that). Let them buy whatever they want out of their fund otherwise, no real restrictions on amount beyond that. Put them on oh, call it "The Treasury List".

Would that fix the disparity between the 1% — 99% ?
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The 1% vs. The Queen's List

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  • Where was Steve Jobs' money? In Apple stock and Disney stock. Okay, let's say we took his money away from him. Now instead of Steve Jobs being the majority share holder we have the U.S. government and Steve Jobs doesn't get to control the destiny of Apple. Now some mindless bureaucrat who hasn't had an original idea besides governmental power grab gets to design the next iDevice.

    I realize the submitter really doesn't understand where the 1% put the bulk of their money, but it isn't into flashy cars a

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