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Article: "What if money expired?"
Pyraxis:
I could see people getting even more ridiculously materialistic than they already are though , because physical goods would be the only form of wealth that doesn't expire.
Gopher Gary:
I'z gonna hoard all the goldz and jewelz and toilet paperz. :mischief:
odeon:
--- Quote from: Gopher Gary on December 20, 2023, 11:44:51 PM ---
--- Quote from: odeon on December 20, 2023, 03:58:47 PM ---You work all your life to save for a house... and then it expires.
--- End quote ---
Actually I could see realestate becoming unattainable for most people under a system like this. If the wealthy can't hoard money, then they will hoard tangible assets instead. :dunno:
--- End quote ---
They will always hoard something, I think. But the point shouldn't necessarily be to stop the rich but to help the poor. Imagine if the rich had to invest their fortunes in new jobs , say - think investing in new research or ventures.
Being rich doesn't have to be a bad thing but because so few control so much of the planet's limited riches, it tends to be the case anyway.
odeon:
--- Quote from: Pyraxis on December 24, 2023, 09:27:22 PM ---I could see people getting even more ridiculously materialistic than they already are though , because physical goods would be the only form of wealth that doesn't expire.
--- End quote ---
Yup. It would be a regression, most likely. Money is there because a global economy can't simply do exchanging woodwork for bread and milk. Money is an abstraction to provide a measure of available resources. Obviously, multiple currencies and distinct economies do not help. You need a baseline to match the various economies. It becomes an additional concern - the way money behaves becomes an issue by itself.
Which is why cryptocurrencies are problematic; they introduce a variable not related to resources - server farms and the like. They are really no better than the fake money you use to "buy" things in any number of online games.
odeon:
--- Quote from: Gopher Gary on December 24, 2023, 10:21:39 PM ---I'z gonna hoard all the goldz and jewelz and toilet paperz. :mischief:
--- End quote ---
One of the most bizarre consequences of the Covid pandemic.
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