Comment Re: Time to give your money away! (Score 1) 54
These kinds of things always make me wonder a few things.
First, warren probably doesn't have much cash. He owns stuff, that on paper is worth money.
Now, if he were to sell everything... Is there enough money in the world to buy it all (at current valuation). I imagine banks are able to create mlney out of thin air, but what happens next after that?
It would be really interesting if a real economist tried to model what would happen if someone rich like buffet or musk converted everything they own into cash, and then randomly gave it away to people.
I suspect it's going to be utter chaos, bankruptcies and ultimately recession.