I'm sure it seems "entirely fine" to you but the people being forcibly moved off their land have a very different reaction. I guess it comes down to who gets the gold mine and who gets the shaft...
Why on earth would you need to do that for most things? Not everyone wants to be the next Coreweave. It sounds like you're killing a fly with a cannon to me.
As many commenters have pointed out, a lot of that wealth will disappear into the grubby hands of private-equity-owned assisted living facilities and nursing homes.
Yeah that's awful. I can only hope most of those people can afford a full time or live-in nurse. Are we suggesting they should take the Canadian MAID option?
Well if we are going the MAID option then along the path of your idea I suggest all the other burdens go with them. Anyone on welfare, SNAP and similar programs, etc... Anyone part of the recent floods into the country that are also on welfare, especially groups that have brought violent tribal blood feuds. All violent felons that are just going to sit in prison and milk the taxes. All the rioters that cause damages to property. Anyone that has not assimilated to the countries culture. Actually I could make a really long list the more I think about it. This should be a blog write-up. Thank-you for inspiring the ideas.
So today you open a savings account, put money there every month of your life, and in 50 years someone takes it away and gives you a more "reasonable option"?
Hopefully that EVP feels embarrassed that a big bet was made that not only didn't pay off but left the company in a worse position. Some schadenfreude may be all you can expect, since this is an executive.
Tell me you don't know anything about neuroscience without telling me you don't know anything about neuroscience.
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