This is capitalism. This is not socialism. It's capitalism.
...why would somebody pay for that? Most of that article, admittedly, went over my head.
It does beg the question. Say you have a gagillion dollars you need to allocate. What do you do with it? All kinds of assets, from the market to real estate look like they are in bubble territory. A bank doesn't look too bad, and you probably can put a bunch in banks. But, banks give shitty rates, and what if the bank goes under and you have to take a haircut? It's not like banks put your money in their vault. Well, then you have to buy bonds. But lots of people have the same problem, so bond yields are way low. As long as bond issuer seems secure, then everyone wants to buy their bonds. Lots of people have a gagillion dollars, and they don't know what to do with it. The ECB is going to fix this problem by giving more people a gagillion dollars. It'll be fine.
Couldn't we just, like, tax the people with a gagillion dollars and use the fraction of a gagillian dollars to repairing and improving infrastructure? Anything from roads to fiber...meanwhile they'll still have 90% of a gagillion, and lots of other folks will have something else. Or, I guess they could throw their money buying debt from other gagillion-aires and just having some sort of weird incestual rich people money fest. The world is shiiiiiiiiiiiiiiiit.
It sounds like you are asking for a hand out. That would be bad for your moral fiber. No, the only way to use money properly is to make it readily available to those that need it least.Couldn't we just, like, tax the people with a gagillion dollars and use the fraction of a gagillian dollars to repairing and improving infrastructure?