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this post was submitted on 19 Jan 2025
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You know the remaining elites would step in to the vacant roles, it’s human nature. Half of us that think we’d be better than them if we had all the same wealth and power, wouldn’t be, we’d be just like them.
That's why if I won the lottery, I would immediately stick the whole amount into a trust to get the best APY possible, and break it into smaller trusts for myself and my family. The vast majority would be handed over to a trust that I would call, "The Sovereign Fund for Humanity's Poor," and go get a fiduciary from LA, a fiduciary from London, and two of the best data analysts from Oxfam that I could get my hands on, and make them the only members of the board. At that point I have it set up to use the APY to grow the fund, and set up retirement funds for the poorest people in the world, first. If I managed to start the thing with a mere $500,000,000, and got close to 11.5%-12% APY, and the population actually caps at 9-10 billion, in 500 years I would have funded UBI
That’s great, I also thought before that I would push myself to immediately donate the majority of such a windfall. Your idea is much better thought out and more impactful long term!
Thank you, very much. I shared the idea so that others can not only steal it, but ruminate on it and improve the idea.
Why, why, uh, if we all did this together and you know contributed a little bit each we would hardly notice especially since we could fund nearly everyone somewhat and even supplement those who really need it... you could give it an interesting name, like sound governance eh