11–20 of 106 posts
Donate the money to an organization fighting climate change. It's the closest you will get to an equitable distribution. Or, if you want to distribute it as regressive as possible: burn all your money. This will lower inflation and people will benefit in proportion to their spending.
I had this idea for a world crypto where everyone would start with the same amount... the biggest challenge that I saw was how to verify identities so that no-one could claim other's crypto.
Donate the money to an organization fighting climate change. It's the closest you will get to an equitable distribution. Or, if you want to distribute it as regressive as possible: burn all your money. This will lower inflation and people will benefit in proportion to their spending.
How will one of these organizations "fight" climate change? I think the only solution to climate change is American ingenuity, private-sector technology.
There probably isn't a systematic way to get a dollar to everyone on earth. A mechanism which which works in the US won't necessarily work in India, Western Sahara, or the Netherlands. The best way to find a mechanism suited to local conditions is to get people with local knowledge to select it.
I'd be interested to see the proposal for North Sentinel Island.
"1. Create a website where I promise to send money if you send me your bank account -- doesn't sound shady at all." Strange for an American perhaps, not for an European, i give and receive payments to my bank account routinely thanks to my IBAN; and it's safe. p.s.: can you send money?
Send an physical envelope with 1$ for every address in the countries that are not banned in your jurisdiction, assuming x people per household.
Not everybody has an address, and other errors (how many people per address, cost of postage) but I think this would have less errors, would be cheaper and less prone to abuse than any alternative I can imagine.
Another option is providing the value for that money to everybody by doing something with it, and saving in all the logistics.
One last option, that requires government cooperation. Give 1$ to everybody after they vote.
Donate the money to an organization fighting climate change. It's the closest you will get to an equitable distribution. Or, if you want to distribute it as regressive as possible: burn all your money. This will lower inflation and people will benefit in proportion to their spending.
It may not be as regressive as it appears at first blush: the impoverished hold cash as a greater proportion of their net worth than many of the wealthy.