Don_Dickle@lemmy.world to Explain Like I'm Five@lemmy.worldEnglish · 2 days agoELI5 What is the hate against socialism? I mean doesn't it mean a system where the people take care of themselves and neighbors?message-squaremessage-square274linkfedilinkarrow-up1407arrow-down120
arrow-up1387arrow-down1message-squareELI5 What is the hate against socialism? I mean doesn't it mean a system where the people take care of themselves and neighbors?Don_Dickle@lemmy.world to Explain Like I'm Five@lemmy.worldEnglish · 2 days agomessage-square274linkfedilink
minus-squareLifeInMultipleChoice@lemmy.worldlinkfedilinkEnglisharrow-up2·edit-216 hours agoUnfortunately the 1 million dollar net worth would have to be modified by location. If the average house is hitting a half million most places, and passing $1 some places, they need to at least be able to be worth slightly more than their residence.
minus-squarePhoenixz@lemmy.calinkfedilinkEnglisharrow-up1·15 hours agoMy idea requires some more work I think this only works on a world wide scale. Make salaries all the same everywhere, one world coin. Houses are currently extremely overvalued, real value for most houses is easily 3X less than they go for now Most houses could go for under a million. Two people live there, a 10M cap gets you very nice house with loads of room to spare, still. If anything, the 10 million cap seems too high still
Unfortunately the 1 million dollar net worth would have to be modified by location. If the average house is hitting a half million most places, and passing $1 some places, they need to at least be able to be worth slightly more than their residence.
My idea requires some more work
I think this only works on a world wide scale. Make salaries all the same everywhere, one world coin.
Houses are currently extremely overvalued, real value for most houses is easily 3X less than they go for now
Most houses could go for under a million. Two people live there, a 10M cap gets you very nice house with loads of room to spare, still.
If anything, the 10 million cap seems too high still