So instead of using our magic want to just take it all and convert it to cash we convert 1/4th to cash and keep the rest invested how it was with just the ownership changing to a public trust, that could fund welfare indefinitely based off just the interest and dividend payments that would otherwise just go to the former billionaire doubling their net worth every 5 years.
I wish people who claim to know about economics understood what a hypothetical is.
So I’m talking about “if we had a magic wand” and here you go changing the rules and taking it away.
I’m sure there are places for economics professors such as yourself to discuss these things seriously, but this ain’t it.
Now taking back my magic wand, I’m also casting a spell to take advantage of the fact that stocks can be used as collateral for loans, and since my first cast was to move the funds to a public trust I’m now directing said trust to take out loans and give everyone housing, they’ll be paid back over time by a combination of gradually selling off the remaining stocks at a pace that doesnt shock the market…
But I swear if you take my wand away again when I get it back I’m just going to crash the stock market out of spite.