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I wanted to get the community's feedback on a revolutionary new business idea that I am thinking of launching. In the new political climate, I can't help but wonder whether spreading the wealth around is an idea whose time has come. My idea is to move wealth redistribution away from the government and into the private sector.
My idea is to create an eBay-like online marketplace for the private re-distribution of wealth. In naming the site, I have tried to combine the concepts of "wealth" and "fairness", and the name I have come up with is "Welfair".
Welfair would match people who need money with those who have money to give, taking a cut of every transaction. But the real growth opportunity is to create an entire ecosystem like eBay has. Just like thousands of people have given up their day jobs to make their livings off of eBay, our business strategy would be to get people to give up their jobs and make their living off Welfair.
We would move to a society where millions of people stop working and sit around at home, waiting for their Welfair checks to arrive. In this difficult economy, I would think that a lot of people would jump at the chance to move onto Welfair. I can't believe that no one has thought of this before...
Anyway, if anyone has any ideas on how I can further refine this idea, I would love to hear them.