Not possible because the price will rise as you buy. Your broker will not even accept a deposit of “infinity dollars”. None of this is possible because moving large amounts of money doesn’t happen that quickly, for good reason.

I imagine the SEC would shut you down once your owned to many competing interests, so you would have to limit your companies to avoid breaking securities laws.

Seriously almost everyone in the comment section neglects the LOGISTICS part which all wouldn’t work under the 24 hour time limit.

Sure, but buying stocks is one way of buying companies. You’d also need to have those funds transferred into your trading account.

Actually there may be a technicality there. If you do a funds transfer, it takes time (2-3 days iirc) for the money to actually show up in your trading account. So let’s say you have $1M in your checking account from this qquestion (plus whatever was already there), and you have $1M in your trading account already because you’re investing in the market. So for that brief window of time (which would include the post-24h period) you will have the exact same starting amounts of money net in both accounts. The reset doesn’t need to actually reset anything because that $1M is in limbo. That’s better than hiding in another account or some of the other suggestions, if it works, because you really just don’t technically have that money.

But in any case, you can absolutely buy houses. Just double the asking price in exchange for a binding contract selling you the house for cash. If someone were to knock on my door tomorrow morning with a cash offer of 4M for my house, I’d have to seriously think about it. If they offered me $40M, I’d have to just do it. With $40M, I can figure out my next steps pretty easily. Make it $400M, and I can’t see anyone turning that down. And the thing is, if you have infinite money, all of those numbers are exactly the same for you. Never having bought or sold a house for all cash, I’m not sure how long the actual closing takes, but I do know when I bought that the longest part was getting the mortgage done. I’m just saying that you could (probably) establish a contract and exchange the money, locking in the deal. Give a million lawyers a million dollars each to do the same thing across the country.

That kind of thing occurred in a movie or show that I saw. The (I think) bad guy needed this one particular house for his fiendish plot and walked up to the door with $1M (or whatever it was - it was obviously well more than the house was worth) on the condition that the family move out immediately. That’s obviously glossing over some details that my approach addresses - as long as the contract is signed and the money is transferred I don’t need that house today.

I mean you’d completely crash the economy- possibly the entire global economy - by dumping what would likely be trillions into it within 24h, at which point your houses might not be worth that much. So maybe just a few times.

Then the government is going to ask you where you got all that money and you’ll have to show them the tweet.

Then you’ll have to pay taxes on all of that, which you could do by selling off half your houses…

But if that’s too complicated, you could buy every car on the planet or anything else you could pull off with a cash transaction.

Or just buy Lichtenstein or something. The problem is that Brewster’s Millions was an interesting question because he had to spend $100M (or whatever it was within a week but be left with nothing. There were restrictions (can’t destroy something - no buying the Mona Lisa and setting it on fire, I think they disallowed donations so no sending it to orphans, that kind of thing). That’s a bit of a challenge. I guess you could rent Salesforce Tower and/or other buildings for a week.

Stocks also take about a day to finalize, though?

Emphasis on “somewhere.” 50 years later I’d be on my deathbed telling my grandchildren “I’m not joking! I swear I have a fortune hidden somewhere!” (Edit: I forgot to include - I’d hide the money and then not be able to find it lmao)

Then it’d be like one of those movies where they have to find it, but they find themselves in increasingly bizarre and adventurous situations along the way.

That’s about 500 bucks for your average bank.

Now I am legitimately wondering how much money it would take to have Clarence Thomas dress in a clown suit and admit that he’s been a naughty boy.

Like, three RVs maybe?

Currency is still fundamentally a value proxy for mediating scarcity though. Just printing infinite currency, or even infinite commodities doesn’t actually negate the link between scarcity or value of some good or service, it just breaks your particular value proxy.

The only way to make everything worthless is with infinite energy, as then you’d be able to effectively obtain and transmute matter arbitrarily. That would effectively resolve all forms of material scarcity, and most forms of labor/service scarcity. Interestingly you’d still have scarcity with things like art, companionship, time, experience, etc, so there will likely still be some form of market forming around these things, and some form of currency acting as a value proxy within those markets.

What about stocks? Couldn’t you load millions into various companies and cash out the next day?

I was able to use my credit card to put a nice sized down payment on a car, with a simple call to my bank. I have no idea what the limit to that exception process is. (Collected huge cash back, and paid it immediately with money I had set aside for the car so no interest)

But what about the clearance process? Different ways the money comes in would take different amounts of time to clear, all more than 24 h, so if we have to worry about that, the bank probably won’t let us spend more than we already had

You need to transfer money into something you can liquidate in the future.

Also I’m surprised nobody has commented to do a wire transfer into a business account which has less limitations than a simple human mortal account.

Fuck it, with unlimited money just buy out the board of directors and set up several hundred million in a secure fund (independent of you) to sustain the hospital indefinitely. It would be a lot of work for 24 hours, but, hey, money is the best oil for squeaky wheels.

Buy twitter from Elon for a pittance, return it to what it was, sell it to Elon again for 40 billion

Step 7: crush entire industries

Step 8: Live my life.

Step 9: On my deathbed, distribute enough money to drive inflation to the point of worldwide economic collapse.

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The 24 hour limit really imposes some hard physical constraints in terms of being able to obtain and move physical currency or currency proxies on your own though.

Ironically, to achieve your goal your have to pay for a lot of labor to distribute this wealth, but in doing so you’d be effectively lying about the nature of the payment in one form or another, so you’d just come full circle on labor exploitation anyway. Once again, the only way around this moral dilemma is to get people to agree to implement communism voluntarily, which would probably take more than 24 hours.

Wouldn’t that just increase scarcity of the coin and force the price to go up? Is highly improbably that in 24hrs every person who owns some coin would sell their coins to you, thus increasing the profits for the people who never got a chance to get your purchase offer to begin with.