Forget Google - It's time to break up the payment processing duopoly of Visa and MasterCard

submitted by magnora7 from (medium.com)

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[–]itsoktobewhite 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

I see your point but I dont understand how they aren't effectively doing the same thing.

Negative interest - you take money away from hoarder.

Inflation - the hoarders money has less buying power over time.

Inflation is why people generally dont hoard money. They invest in things to make the money grow. So wouldnt some form of 'negative interest' system on wealth not money work better. Something like once you hit a billion bucks that is enough. You can still generate more wealth but you must give half to the needy.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

I think now, this is an excellent idea. But the greed problem stays and that is why i think there still will be people trying to circumvent it just for the kicks.