evilgenius wrote:Ibon wrote:evilgenius wrote: but we do give it a competitor which also has an easily understood value at any given point in time which can be found in the context of that time, not at length.
How de we call these new shares?
Happiness shares
Sustainability shares
Wellbeing shares
I know it's a terrible marketing opportunity lost, but God let Adam name the animals for a reason...
OK, today while talking an early morning walk in south Florida sultry heat, trees dripping with mangoes, I had an insight inspired by Evil Geniuses suggestion of a new class of long term of sustainable shares. Everyone whose net worth exceeds 5 million dollars would convert a percentage of their net worth on a rated scale to these shares, maybe something as follows:
Net worth $ % conversion wealth to new shares
10 million 50%
50 million 70%
100 million 75%
500 million 78%
1 billion 85%
10 billion 90%
40 billion 95%
These new shares would be publicly recorded and would award the share holder with a certain celebrity status and enable certain privileges that would be high profile and enhance the share holders status along with certain security privileges, In this sense status and security, the driving force behind the quest for money, would be maintained with these shares. The shares would symbolize status just like a yacht does today.
The percentage of wealth paid for these shares would be used to pay off the global debt, provide health and social services and infrastructure investments for a zero carbon future.
The uber wealthy on the planet today, that 1%, has their wealth today largely in stocks anyway so there will be no real loss since the monetary wealth they are left with exceeds by far all their needs for comfort and security.
The shareholders can themselves elect to be on the board of directors of the corporations where they own the shares so they can direct the corporation toward long term goals or they can delegate and give power of attorney to specialists.
In this way we immediately remove the global debt, maintain status and security of the ueber wealthy, and we direct huge resources toward building out a sustainable infrastructure along with mitigating some of the social instabilities.
The catalyst to get this rolling are the consequences of human overshoot in the form of climate change events that are so destabilizing that even those in power will capitulate, for this represents an organized way for them to maintain their status and power as we redirect resources away from consumption and towards sustainability.
We are so far away from something like this being feasible that it seems kind of idealistic but I actually think we will have disruptive events strong enough to consider some radical alternatives to BAU in the decades ahead.
Patiently awaiting the pathogens. Our resiliency resembles an invasive weed. We are the Kudzu Ape
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