/biz/ - Business & Finance

Dan Larimer (EOS creator) thinks that annually redistributing 5% of world's wealth to everyone equally is a good idea.

"If we assume most people live less than 100 years, then the resulting rate of inheritance should be around 5% per year. This would redistribute 99.5% of initial wealth over 100 years.

Total global real-estate is worth about $217T distributed among 7 billion people about $1500 per person per year. Total global stocks are about $100T or $1200 per person per year. Total world wide money supply is also about $100T. All told this would give everyone, including the billions of poor and starving individuals in Africa, India, and China a total income of about $4000 per year or $333 per month. This is greater than the global median per-capita household income. This is over 4x the median income in Africa. Talk about impacting world-wide poverty!"

https://medium.com/@bytemaster/universal-resource-inheritance-505e7ca4d048

Given how many eos he+block.one owns, he de facto controls EOS.
He calls himself libertarian, but it's more like anarcho-communism. It doesn't bode well for value of eos tokens.