I've written before about the idea of applying nature's rules to macro-economics, discussing a need for a smarter approach to globalization: Membrane Economic Globalization.
Pat Buchanan wrote,
"The U.S. trade deficit is the greatest foreign aid and wealth transfer in program in history, and our workers are paying for it by the loss to their families of the American Dream."
I propose that allowing billionaires to exist, with their propensity to invest overseas, to invest in gold and commodities and real estate, actually is an equally devastating transfer of national resources away from applications that create jobs. Buchanan suggested in his 2004 article that a billion in exports created 20,000 jobs. I propose that a billion in a billionaire's portfolio costs the nation 20,000 jobs, though it may create jobs overseas.
This idea of eliminating billionaires would start in the US, or perhaps, once the meme is in the air, it would start in more liberal democracies, like those in Europe. But one way to enforce it on other billionaires, outside the US would be to not allow them to enter the US. Consider them dangerous people, threats to our democracy, our economy. They really already are.
flickr image By Steve Rhodes