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by neilwilson
3169 days ago
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If you have to work for money you value it in terms of the work expended. So you will only let it go when you can exchange it for sufficient value. Exchanging money for insufficient value is what causes inflation. Which then leads to the idea that the idle rich can cause inflation because they have a reduced sense of value to the poor. If we are to share the same currency we have to have a similar sense of what it is worth in exchange. Spending eight hours doing something in exchange for 80 dollars gives you a very good idea what those dollars need to be worth. Work is actually what we do with our day to get a sense of value. If you expect somebody else to give up their day to produce stuff for you then you have to respond in kind or they'll stop doing it. The reason we resent the idle rich is that they expect something but add nothing of actual value back in return. So it would be with anybody receiving free money. It would be seen as the theft it is. |
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