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The System That Generates Billionaires Causes Inflation [1]
['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.']
Date: 2025-01-04
We all know that as the money supply expands, the executives and investors receive more pay while the workers do not. If a company nets $1,000 more per day, the extra $1,000 goes to “nonlinear” income recipients, not to “linear” income recipients. This is the recipe for income inequality that is the source of adverse inflation, and most other “evils” associated with monetary systems.
Few people have heard of nonlinear versus linear income. I only know about it because I started a non-profit company, and the government paperwork warned me that nonlinear income is not allowed for nonprofits. Basically, linear income is calculated from what a worker produces, the time it takes them to produce it, or some fixed payment. Nonlinear income is calculated based upon how much money enters an organization. Examples of nonlinear income include royalties, commissions, dividends, bonuses, etc.
It is obvious to us that nonprofits will not generate billionaires or mega-millionaires. But what is not so obvious is that if all companies, not just nonprofits, provided only linear income then there would be no rising income inequality and thus no adverse inflation. There would be no PACs, no insider trading, no struggles against unions, no private monopolies trying to corner markets, and of course no billionaires or mega-millionaires. The MAGA could have their free market capitalism without government needing to set prices and wages to keep a caste system from developing (further).
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