[pjc50]

I feel that the value of my bank account has been far less relevant than (a) my salary and (b) my mortgage. And I suppose my pension, but since that's a government tax exempt deferred income mechanism it's not "mine" in quite the same way.

It always feels strange talking to people for whom the hoard of cash is the important bit. For many people it would be far more useful to stabilize house prices - which are affected by a completely different set of factors.

[imtringued]

I am honestly surprised that so many people care about what they earned in the past and did not spent, aka the portion of money they need the least, instead of what they are going to earn over the course of their life.

Even pensioners are still dependent on a young population that is earning/producing.

[reedjosh]

I think this is because the hoard of cash is obviously useless today due to inflationary pressures.

Today you get a loan (if you can) to start a business.

It used to be you saved to start a business. But today savings is literally penalized.

This debt based system makes you depend upon it. I wouldn't need a home loan (or at least not such a large one) if the government didn't subsidize loans and cause inflation.

[imtringued]

>I wouldn't need a home loan (or at least not such a large one) if the government didn't subsidize loans and cause inflation.

You are mixing up money and land. Those are completely different topics. You need a land value tax for land. Your monthly payments are going to be limited by your salary. A higher interest rate means the bank takes a bigger cut. You're spending the same amount of money either way. A higher income would help you more.

>It used to be you saved to start a business. But today savings is literally penalized.

You are saying this, while savings are at an all time high. The money supply is growing significantly faster than inflation. If anything, we are pandering to savers way too much. What people don't seem to understand is that the rich save way way more than anyone else so increasing overall savings doesn't matter for the vast majority of people.

Also, let me tell you something. Let's say you visit your family and your parents make you food. Would it be reasonable to tell them that you want to make your own food? It makes no sense, your parents already made food. Just take it. Don't pile up more food that nobody wants.

It's the same with money. The rich have saved such an incredible amount of money, that there is literally no point in saving your own money.

[pjc50]

> used to be

When?

While we've just hit an 8% inflation spike that may not persist, the past 20 or so years have been uniquely low inflation.

Please describe how loans are "subsidized", other than various countries' first-time-buyer schemes? Is your explanation US-specific?