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Hi, Cy. Did you get my reply to your earlier message to me?
Anyway, to reply to this message....... How would such a scheme work?
I.E. how would you persuade the billionaires to part with complete ownership of their excess billions, and who would take possession of the money? The Government perchance?
I think all this would sound a little bit too much like taxation for the billionaires to be entirely comfortable with the idea.
However, what if instead we set up some sort of investment corporation, into which the billionaires could invest their excess billions. This corporation, which should have as little direct connection with the Government as possible, could then invest in education and job training.
There is a problem with this. First, you would have to watch out for corruption. Such a scheme would quite strongly resemble the BCCI arrangement.
Second, the Government might actually resist such a scheme, as being simply a tax evasion arrangement, which in fact it could quite successfully be.
Anyway, the idea is intersting, Cy. Was it your idea?
